# Democratic wave keeps US wealth taxes on the agenda despite California setback

- Source: FT Home
- Published: 2026-11-05T00:52:16+00:00
- Category: Business
- Original: https://www.ft.com/content/c701ac0d-0ef4-426f-a629-e38ed29d5260?syn-25a6b1a6=1
- Canonical: https://groundlevelnews.com/story/democratic-wave-keeps-us-wealth-taxes-on-the-agenda-despite-california-0a22d0/

Proposition 40 billionaire tax set to be defeated in a rare victory for mega-donors in the US midterms

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