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California Voters Reject Wealth Tax, Pass Ban

November 14, 2026

Summary

California voters dealt a blow to tax grabs by passing Proposition 42 with just over 51% of the vote, effectively banning wealth taxes after a high-profile billionaire wealth tax proposal failed.

Coverage by lane

Center

  • California Voters Pass Ban on Wealth Taxes

Right

  • California voters deal crushing blow to tax grabs after striking down wealth levy
  • Blue wave meets ballot box surprises as voters split on abortion, voter ID and billionaire taxes

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