Tax
Oct. 21, 2026
Propositions 41 and 42: Bad ideas that threaten to hurt all Californians
Propositions 41 and 42 appear to offer technical reforms, but their provisions are designed to undermine the billionaire tax and could have far-reaching consequences for California's public finances.
David Gamage
Law School Foundation Distinguished Professor of Tax Law and Policy
University of Missouri School of Law
California billionaires are sponsoring both Proposition 41 and Proposition 42, a pair of measures that will appear on the ballot for voter approval in November. As we will explain, the real purpose of these measures is to defeat Proposition 40, the billionaire tax. We have already written an editorial in the Daily Journal encouraging voters to a...
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