California Billionaire Tax Losing After Polls Closed

T1Covered by 1 source · first reported by The Information (teasers) at 04 Nov, 06:20 UTC

Proposition 40, the California ballot initiative that would enact a one-time 5% tax on billion-dollar fortunes to fund healthcare and education in the state, was losing as of Tuesday night. While only about half of the votes had been counted, 56.5% of voters had voted against it, according to ...