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The Wall Street Journal

Progressives Lose California Wealth Tax Battle—but Aren’t Conceding the War

The Wall Street Journal·By Paul Kiernan, Laura J. Nelson·Nov 10, 2026
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  1. Top take
    Steven Vannatta@steven · 3h agoRanked #5
    Even as Democrats swept the House and Senate in the midterm elections, many individual progressive proposals at the state level failed - including the controversial California Wealth Tax. Such proposals, which tax unrealized capital gains, or put forward a one-time tax on the ultra-rich, fell far short of universal public approval