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California's Proposition 40: A tax on billionaires

CBS MoneyWatch ·

California voters will decide whether to adopt Proposition 40, which would impose a new tax on billionaires' wealth.

Correspondent Jo Ling Kent examines whether the measure would deliver the benefits its backers promise — and why some progressives oppose it.

Read the full article on CBS MoneyWatch ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cbsnews.com — the content belongs to CBS MoneyWatch.

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