Episode Details
Back to Episodes
Prop 40: One Time Tax on Billionaires
Description
Episode: Prop 40: One Time Tax on Billionaires
Pub date: 2026-10-05
Get Podcast Transcript →
powered by Listen411 - fast audio-to-text and summarization
Proposition 40 would impose a one time 5% tax on Californians whose net worth is over a billion dollars. The resulting revenue would be primarily used to replace cuts to Medi-Cal and food assistance programs passed at the federal level in H.R. 1 or the One Big Beautiful Bill Act.
Additional Resources:
- Read the transcript for this episode
- Catch up on all of Prop Fest 2026
- Political Breakdown Podcast: Dave Regan
- Political Breakdown Podcast: Joshua Rauh
- Sign up for our newsletter
- Got a question you want answered? Ask!
Your support makes KQED podcasts possible. You can show your love by going to https://kqed.org/donate/podcasts
This story was reported by Marisa Lagos. Prop Fest is a collaboration between Bay Curious and The Bay. It’s made by Olivia Allen-Price, Katrina Schwartz, Christopher Beale, Anna Casalme, Ericka Cruz Guevarra, Alan Montecillo, Gabriela Glueck and Pauline Bartolone. Additional support from Jen Chien, Katie Sprenger, Maha Sanad, Ethan Toven-Lindsey and everyone on Team KQED.
Learn more about your ad choices. Visit megaphone.fm/adchoices
The podcast and artwork embedded on this page are from KQED, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.