Californians vote on ballot initiative to impose one-time tax on billionaires
Summary
California voters are deciding on a ballot initiative to impose a one-time tax on billionaires. The measure would direct the funds to the state’s healthcare system. The program also reported that oil prices fell after Iran said it was holding talks through mediators and might reopen the Strait of Hormuz if the United States accepted its conditions.Key Facts
- California voters were voting on the billionaire tax initiative on November 3, 2026.
- The proposal would impose a one-time tax on billionaires.
- The initiative aims to fund California’s healthcare system.
- The program aired on November 2, 2026.
- Brent and West Texas Intermediate oil prices each fell by about 8 percent.
- Iran said it was holding intensive talks through mediators toward negotiating peace.
- Iran said it was ready to reopen the Strait of Hormuz if the United States accepted its conditions.
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