Source: New York Post
California’s bitterly contested billionaire tax appeared to be heading for defeat Tuesday night after a vicious campaign that split Democrats, sent Silicon Valley tycoons scrambling to leave the state and sparked a $330 million-plus war to kill the proposal. Proposition 40, which would slap a one-time 5% tax on billionaires’ wealth, was trailing by 56% to 44% with roughly half the ballots counted shortly after 9 p. m.
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