Dossier
Propositions 41 and 42
Coverage of Propositions 41 and 42 in the Nexus archive.
- California’s billionaire tax measure risks long-term growth for a sugar-high solution
California voters will decide on Proposition 40, a one-time 5% tax on billionaires with over $1 billion in assets to fund healthcare and services. The author argues the measure risks long-term revenue and innovation by potentially driving taxpayers away, advocating instead for Propositions 41 and 42.