The billionaire tax proposal was among measures put to voters in recent midterm elections, which saw major Democratic gains nationwide. (EPA Images pic)LOS ANGELES: California voters have rejected a one-time tax on billionaires, US media projected on Monday, despite growing anger over global wealth disparity.
The tax would have forced around 200 billionaires in the state to cough up 5% of their total net worth, with the money largely dedicated to helping pay for healthcare.
CNN and CBS News both projected so-called Proposition 40 would not pass, nearly a week after voters cast ballots on whether to tax the billionaires.
With the highest population of any US state, California is notoriously slow at counting votes.
