SACRAMENTO, California — Support for California’s proposed billionaire tax has fallen below 50% as voters prepare to decide Proposition 40 in November, according to a new UC Berkeley Citrin Center-POLITICO poll.
The survey found 45% support the measure, 43% oppose it and 12% remain undecided. That represents a decline from a February survey in which 50% supported Proposition 40 and 28% opposed it. The Sept. 8-14 poll included 2,418 respondents and has a margin of error of 2.7 percentage points.
Proposition 40 would impose a one-time 5% tax on the wealth of Californians with assets exceeding $1 billion. State election officials have qualified the measure for the Nov. 3 ballot.
Democrats remain substantially more supportive, while Gov. Gavin Newsom opposes the proposal and has instead advocated a national approach to taxing billionaires. Labor unions, including SEIU-UHW, support Proposition 40, arguing the revenue would help finance health care and other programs.
The campaign is attracting substantial spending. Google co-founder Sergey Brin has contributed more than $100 million to groups opposing the measure.
Polling remains mixed. A separate September Public Policy Institute of California survey found 52% of likely voters supporting Proposition 40 and 46% opposing it after respondents were read the official ballot description.
Sources
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