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California votes on first-ever one-time 5% billionaire wealth tax

· ≈ Sacramento, California, United States of America · single source so far

Californians decide on Proposition 40, which would levy a one-time 5% tax on the net worth of residents with over $1 billion. Most revenue would replace federal healthcare funding cuts.

Location
≈ Sacramento, California, United States of America · United States of America live map
Coordinates
≈ 38.58°N 121.49°W
Reported
3 Nov 2026, 10:49 UTC
Category
Unrest & politics · Politics
Impact
1 of 5 · Watch
Situation
US politics
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US politics right now

■ Steady

Americans vote in midterms as Republicans try to avert a predicted Democratic wave

Voting in the US midterm elections began on Tuesday, with the first polls opening in Vermont. Republicans made a final push as Democrats seek control of Congress. On Monday the Supreme Court rejected the Trump administration's bid to block California from counting about 20,000 ballots that the Justice Department says come from non-citizens.

  • A Democratic House would be the first real constraint on Trump since his return to office, according to a report.
  • More than 50 million early votes had been cast, a record.
  • A judge on Saturday barred the administration from threatening election officials over ballots, and lower courts had sided with California officials.
  • Californians vote on Proposition 40, a one-time 5% tax on residents with over $1 billion in net worth.
Updated 3 Nov 2026, 13:28 UTC · Written by Claude from the reports on this page and on the map. Check the linked sources for full details.

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