California Democrats split over billionaire tax
The gist
California's one-time 5% wealth tax on billionaires has divided Democrats and labor ahead of the vote.
Recent polls show support slipping, with unions and party leaders on opposite sides.
How it unfolded
- Sep 25, 2026A UC Berkeley Institute of Governmental Studies poll found 45% support and 42% opposition among likely voters on Prop. 40.
- Oct 19, 2026A Citrin-POLITICO poll found 46% of likely voters in favor and 43% opposed.
- Oct 26, 2026The San Francisco Standard reported statewide unions broke with the larger labor movement to oppose Prop. 40 while their locals rebelled in support.