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Story summary
- Senator Bernie Sanders urged Californians to support Proposition 40, a one-time 5% billionaire tax.
- Proposition 40 would tax residents with over $1 billion in assets, about 250 individuals.
- Supporters claim the tax could raise $100 billion for health care and keep 150,000 providers open.
- Opponents, including Gov. Gavin Newsom and labor unions, have spent $200 million to defeat the measure.