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Cranberry Journal

Tuesday, November 10, 2026

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At the close · Nov 10

Proposition 3

Tagged stories

A two-lane road curving downhill between large oak trees and flowering pink and white oleander shrubs, with dry grass on the right verge, road signs and distant hills under a clear blue sky.
Money

Californians Voted 60 Per Cent to Keep Taxing Top Earners and 53 Per Cent Against Taxing Billionaires' Wealth

California voters rejected Proposition 40, a one-time 5 per cent tax on billionaires' net worth, the Associated Press projected on Monday evening. With about 83 per cent of the expected vote counted, it trailed by 621,399 votes. On the same ballot, Proposition 3, which makes the state's higher income tax rates on top earners permanent, passed with 60.5 per cent.

By Daniel Okafor  

A bronze lantern hangs on chains beneath the coffered stone ceiling of a portico, above a row of tall windows and a carved stone balustrade.
Money

Washington's Millionaires' Tax Would Raise $11.4 Billion by 2031 From About 30,000 Payers. Voters Decide Tuesday Whether It Ever Starts.

Washington's Initiative 645 would repeal the state's new 9.9 per cent tax on income above $1 million before it takes effect in 2028. The state's fiscal impact statement puts the lost revenue at $11.4 billion over five fiscal years. Colorado, California and North Carolina are also voting on how their top earners are taxed; no results are in.

By Daniel Okafor