sports · · Source: Sportico
California Billionaire Tax Heading for Defeat, Sparing Team Owners
California voters so far have largely rejected the state’s controversial “billionaires tax” on the ballot Tuesday. Proposition 40 would have implemented a one-time 5% tax on residents in the three-comma club. The measure trailed 44.4% to 55.6% with 60% of ballots counted as of Wednesday morning. Two other initiatives, Propositions 41 and 42, were also […]