California Voters Reject Billionaire Wealth Tax

“California voters are rejecting a proposal to impose a wealth tax on billionaire residents, marking a major win for tech and business executives, who spent hundreds of millions against the measure, according to a projection from Decision Desk HQ,” The Hill reports.

“According to DDHQ’s analysis, 54 percent voted against the measure, while 46 percent voted for it, with 76 percent of the total counted as of 8:51 p.m. EST.”