California Poll Shows Proposition 40 Lacks Majority Support Among Registered Voters
A poll in California reveals that fewer than half of registered voters support Proposition 40, a proposed 5 percent tax on the net worth of the state's billionaires.
Baltimore, MD, September 21, 2026 —
A recent poll conducted in California indicates that proposed Proposition 40, which seeks to implement a 5 percent tax on the net worth of the state’s billionaires, is not currently favored by a majority of registered voters. The findings suggest that less than half of those surveyed expressed support for the initiative.
Proposition 40, as outlined, would target the wealthiest individuals in the state by levying a tax on their accumulated net worth. The specifics of the proposed tax rate, the precise threshold for billionaire status, and the exact scope of assets to be taxed were not detailed in the provided summary of the poll results.
The poll’s results, showing a lack of majority backing among registered voters, highlight a potential challenge for the proposition as it moves forward. The summary did not specify the name of the polling organization, the dates the poll was conducted, the sample size, or the margin of error, which are typically important metrics for evaluating such survey data. Furthermore, demographic breakdowns of the support or opposition levels were not provided.
The potential implications of Proposition 40, should it eventually gain support and pass, would likely involve significant fiscal changes for the state and its wealthiest residents. However, the current sentiment reflected in the poll suggests that substantial voter outreach and persuasion efforts may be necessary to garner broader public approval. The specific actions or timelines following this poll result were not made available in the trend summary.
Story summarized from the original created by Ryan Mancini on thehill.com, see more information here.
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