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ARN Stories · Today · 3 min

Students not surprised about Proposition 40 rejection

Among a stacked California ballot of competitive local, state and national races were 14 ballot propositions. Three centered on a proposed one-time wealth tax on billionaires, outlined in Proposition 40. There was strong opposition -- especially from the wealthy -- and propositions 41 and 42 were put on the ballot to cancel out the highly contested tax. Last night, prop 40 was officially rejected by voters, when the Associated Press called the results. Only 48% voters said yes. So ... a wealth tax won't be coming to California, at least not yet. Damian Lopez spoke to voters on campus to see how they felt about the proposition. Lizzy Liautaud has the story.

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Among a stacked California ballot of competitive local, state and national races were 14 ballot propositions. Three centered on a proposed one-time wealth tax on billionaires, outlined in Proposition 40.

There was strong opposition -- especially from the wealthy -- and propositions 41 and 42 were put on the ballot to cancel out the highly contested tax.

Last night, prop 40 was officially rejected by voters, when the Associated Press called the results. Only 48% voters said yes.

So ... a wealth tax won't be coming to California, at least not yet.

Damian Lopez spoke to voters on campus to see how they felt about the proposition.

Lizzy Liautaud has the story.

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