---
id: e679f650b5
section: elections
first_reported: 2026-11-10 14:31 PST
updated: 2026-11-10 14:31 PST
status: reported
outlets: 1
---

# Californians reject Proposition 40 billionaire tax

California voters rejected Proposition 40, a proposed billionaire tax, after some of the state's wealthiest residents spent hundreds of millions to oppose it.

Section: [Elections](/san-jose/section/politics.md) · Entities: [Proposition 40 (California, 2026)](/san-jose/wiki/proposition-40-california-2026.md)

## Coverage

- [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.