California billionaire tax measure defeated in contentious vote

South China Morning Post - Nov 10, 2026

A billionaire tax that US Senator Bernie Sanders and other progressives championed as an antidote to economic inequality and a potential model for the rest of the country was defeated in California, US media projected on Monday. Proponents had estimated Prop 40 would raise US$100 billion in revenue, most of which would have been earmarked for healthcare programmes to offset federal funding cuts designed to pay for tax breaks enacted last year under President Donald Trump’s “One Big Beautiful...

Read full article
More News
Copyright © 2015 - 2026 Daily Transport. All Rights Reserved.

About Us

Thailand Tribunal is the country’s next generation of digital news portal, bringing you non-stop news on the happenings in the country and all over the world.

Subscribe Now!