# Prop 40 Billionaire Tax Faces Pushback | Sacramento News

Page: https://stenobird.com/podcast/sacramento-news-today-2-min-news-the-daily-news-now-7564759/prop-40-billionaire-tax-faces-pushback-sacramento-news
Text version: https://stenobird.com/podcast/sacramento-news-today-2-min-news-the-daily-news-now-7564759/prop-40-billionaire-tax-faces-pushback-sacramento-news.md
Podcast: [Sacramento News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/sacramento-news-today-2-min-news-the-daily-news-now-7564759)
Published: 2026-07-30T01:34:34+00:00
Episode link: https://sources.thednn.ai/f650b33158b9b243
Audio file: https://api.fastcast.ai/audio/f79c4477-7a0b-4a3f-90cb-41d5ee783a28.mp3
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Duration seconds: 94

## Resource

Billionaires in California are facing a potential tax showdown as Proposition 40, which would impose a wealth tax, gains steam with 57% of voters reportedly supporting it—especially among teachers, healthcare workers, and union members. But Governor Gavin Newsom is pushing back hard with his “Stop the Squeeze” campaign, warning the tax could hurt schools, housing, and public safety. While opponents have raised over $10 million, the pro-Prop 40 side hasn’t reported any funding yet. Complicating matters, two other ballot measures could cancel out the billionaire tax—if one passes, it overrides the other. This high-stakes race could reshape California’s fiscal future. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/f650b33158b9b243

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