government · Thursday, September 24
Prop. 40 faces two rival billionaire tax measures
Propositions 41 and 42 could block the billionaire tax even if it wins more votes in November.
Opponents of California's billionaire tax have placed two rival measures, Propositions 41 and 42, on the November ballot. Critics have already spent more than $187 million to defeat Proposition 40. Under the rules, if either rival measure receives more votes than Proposition 40, the billionaire tax will not take effect.
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