Washington Free Beacon·1 hour ago·Wednesday, November 4, 2026, 4:15 PM

‘Billionaire Tax’ Appears Defeated in California, But Soak-the-Rich Approach Gains Traction Elsewhere

Election results from a series of state ballot initiatives on tax issues suggest that the wave of Democratic victories may be more about gas prices and anti-Trump sentiment than any overwhelming voter enthusiasm for “tax the rich” policies.

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