Latimes iconLatimesOct 1, 2026

Your guide to Proposition 40: California's billionaire tax proposal

Prop 40, which would tax the assets of California billionaires to mostly fund healthcare, has divided Democratic politicians, labor unions and other groups.

Your guide to Proposition 40: California's billionaire tax proposal

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Prop 40, which would tax the assets of California billionaires to mostly fund healthcare, has divided Democratic politicians, labor unions and other groups.

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Prop 40, which would tax the assets of California billionaires to mostly fund healthcare, has divided Democratic politicians, labor unions and other groups.

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