---
id: bd1620aa79
section: elections
first_reported: 2026-11-10 14:02 PST
updated: 2026-11-10 14:31 PST
status: reported
outlets: 3
---

# California voters reject Proposition 40 billionaire tax

Voters rejected Proposition 40, a proposed tax on billionaires. Some of the state's wealthiest residents spent hundreds of millions to defeat it.

Section: [Elections](/san-jose/section/politics.md) · Entities: [Proposition 40 (California)](/san-jose/wiki/proposition-40-california.md)

## Coverage

- [Palo Alto Online](https://www.paloaltoonline.com/calmatters/2026/11/10/los-votantes-de-california-rechazan-la-proposicion-40-que-buscaba-imponer-un-impuesto-a-los-multimillonarios/), 2026-11-10 14:02 PST: Los votantes de California rechazan la Proposición 40, que buscaba imponer un impuesto a los multimillonarios
- [Mountain View Voice](https://www.mv-voice.com/calmatters/2026/11/10/los-votantes-de-california-rechazan-la-proposicion-40-que-buscaba-imponer-un-impuesto-a-los-multimillonarios/), 2026-11-10 14:02 PST: Los votantes de California rechazan la Proposición 40, que buscaba imponer un impuesto a los multimillonarios
- [San José Inside](https://www.sanjoseinside.com/politics/californians-reject-nations-first-wealth-tax-on-billionaires/), 2026-11-10 14:31 PST: Californians Reject Nation’s First Wealth Tax on Billionaires

Headline and summary written by the Acta Diurna desk from the coverage above. Read the original reporting for full detail.