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California rejects billionaire tax proposal in win for executives, Newsom

California rejects billionaire tax proposal in win for executives, Newsom

Feed excerpt — reported by The Hill

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 (DDHQ). According to DDHQ's analysis, 54 percent voted against the measure, while 46 percent voted for…

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