California’s Prop 40 ‘billionaires’ tax’ measure is rejected, AP projects

The tax was introduced in response to steep cuts to California’s healthcare funding that resulted from the passage of President Donald Trump’s “Big Beautiful Bill.”

​The tax was introduced in response to steep cuts to California’s healthcare funding that resulted from the passage of President Donald Trump’s “Big Beautiful Bill.”  Politics The tax was introduced in response to steep cuts to California’s healthcare funding that resulted from the passage of President Donald Trump’s “Big Beautiful Bill.”