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Story summary
- California voters consider Proposition 40, a one-time 5% billionaire tax.
- A UC Berkeley-Citrin POLITICO poll shows 45% support, 43% oppose, 12% undecided.
- Undecided voters favor a yes vote 65% to 15%.
- Funding comes from SEIU-UHW union for proponents and billionaire donors for opponents.
- Analyst Jon Cohen says Gov. Gavin Newsom’s opposition may damage his 2028 presidential bid.
