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Proposed California wealth tax sparks debate: Will billionaires leave the state?

Supporters say the measure would send 90% of new revenue to healthcare as federal cuts threaten coverage for millions of Californians.

A proposed first-of-its kind tax would target California's nearly 250 billionaires in an effort to fund health care. If voters pass it, will the state's economy suffer?

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Georgia Public Broadcasting broke the news in Atlanta, United States on Saturday, August 22, 2026.
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