Billionaire tax and trans rights: what are key state ballot initiatives in midterms?
Summary
In the upcoming U.S. midterm elections, voters across 39 states will decide on 145 state ballot measures covering topics like taxes on billionaires, abortion rights, property taxes, and transgender rights. Key issues include a proposed one-time wealth tax on California billionaires and various property tax limits, as well as votes on protecting or restricting abortion and transgender rights.Key Facts
- California voters may approve Proposition 40, a one-time 5% tax on residents with at least $1 billion in assets, expected to raise about $100 billion.
- Most money from the billionaire tax would support state healthcare, with the rest funding education and food aid.
- Two other California measures could affect the billionaire tax by requiring audits or limiting new taxes on savings and retirement.
- Washington voters will consider repealing their millionaire tax through Initiative 645.
- Florida’s Amendment 3 proposes cuts to property taxes for homeowners and businesses but could reduce city budgets by up to 23%.
- Property tax limits are also on the ballots in Oklahoma, North Carolina, and Tennessee, with Tennessee potentially banning state property taxes permanently.
- Some states, including Idaho, Nevada, and Virginia, have measures to protect abortion rights; Missouri voters may decide to restrict them.
- Multiple states will vote on measures related to banning transgender athletes in women’s sports or limiting gender-affirming medical care for minors.
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