California Billionaire Tax Heading for Defeat, Sparing Team Owners
Sportico.com ·
California voters so far have largely rejected the state’s controversial “billionaires tax” on the ballot Tuesday. Proposition 40 would have implemented a one-time 5% tax on residents in the three-comma club. The measure trailed 44.4% to 55.6% with 60% of ballots counted as of Wednesday morning. Two other initiatives, Propositions 41 and 42, were also […]