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California’s billionaire tax faces defeat, but Democrats plan higher taxes on the wealthy

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La Palma, CA, - October 05, 2026: People attend a rally against Proposition 40 at the Iron Workers Apprenticeship Training Center on Monday, Oct. 5, 2026 in La Palma, CA. California Proposition 40 is a...

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Source: FreeNewsAPIRead at CNBC

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