Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Tanya Rawat

California’s Billionaire Tax Wins Support From Nearly 50% of Voters as November Vote Nears: Poll

Billionaires,Income,Tax.,Pile,Of,Us,Dollar,Banknotes,And,Pieces

California voters are narrowly backing a proposed one-time tax on certain taxpayers with assets over $1 billion, according to a new Berkeley IGS poll released Friday.

The poll, conducted Aug. 3-9 among likely voters for the November general election, found 48% inclined to vote Yes on Proposition 40, while 41% said they would vote No and 11% remained undecided. The measure would impose a one-time 5% tax on certain taxpayers with assets over $1 billion, with revenue primarily directed toward health care.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.