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Billionaire tax divides California Democrats, draws myriad questions

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The Hill
“Billionaire tax divides California Democrats, draws myriad questions”

California voters this midterm cycle will decide whether the state will impose a wealth tax on billionaire residents, as wealthy Californians organize against the measure and experts say its potential broader impact on the state’s economy is nuanced. By voting “yes” on proposition 40, Californians would support a one-time 5 percent tax on billionaires’ wealth....

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