10/16/2026
2️⃣ Part 2: If Prop. 40, 41, and 42 pass, the proposition with the most votes will go into effect.
In this two-part series, we're breaking down 4 ballot measures related to wealth taxation in California: Prop. 3, 40, 41, & 42.
Billionaires in California are outspending the Yes on Prop. 40 campaign 5 to 1 to stop the one-time 5% tax on Californians with over $1 billion in wealth and assets.
👉🏽 Prop. 40 is a direct response to the $100 billion in federal cuts to healthcare made by Congress, many of which won’t go into effect until after the midterms. And despite knowing about these cuts for over 2 years, California lawmakers haven’t put forward any legislative proposal to fully fill this gap. Now, it's up to voters.
⭐️ Learn more about our progressive voter recommendations: CourageVoterGuide.org