A recent poll shows that Proposition 40 in California, which proposes a one-time 5% tax on billionaires’ wealth, holds a narrow lead in public support. This measure, primarily backed by labor unions such as SEIU-UHW, is opposed by Governor Gavin Newsom and business groups. Democrats and labor organizations largely favor it, though earlier polls occasionally showed support above the 50% viability threshold. The November vote appears tightly contested with 49 days remaining.
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