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Will Californians Back the Billionaire Tax? New Poll Shows a Close Race

A PPIC survey of more than 1,100 likely voters found 52% support Prop. 40, while 54% back a rival measure to ban new state taxes on property and assets.

Summary by Cal Matters
Likely voters in California narrowly support Proposition 40, the hotly contested billionaire tax proposal — but slim majorities also support two billionaire-backed countermeasures that would nullify the big wealth tax.  That’s according to a new poll of over 1,100 likely voters released last night by the Public Policy Institute of California with two months to […]

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California wealth tax measure Proposition 40 holds narrow lead in poll

The narrow lead for Proposition 40 highlights the contentious nature of wealth taxation, potentially influencing future fiscal policies and political alignments.

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Bias Distribution

  • 60% of the sources lean Left
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The Mercury news broke the news in San Jose, United States on Wednesday, September 16, 2026.
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