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POLITICSLA Times - California·3h ago

Your guide to Proposition 40: California's billionaire tax proposal

Photo · Jim Cooke / Los Angeles Times
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Proposition 40 seeks to tax the assets of California billionaires to fund healthcare. The proposal has caused divisions among labor unions and Democratic politicians.

Prop 40, which would tax the assets of California billionaires to mostly fund healthcare, has divided Democratic politicians, labor unions and other groups.

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