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Californians reject billionaire tax as Prop 42 leads after Sergey Brin-funded campaign

Voters appear to have rejected Proposition 40, the state's billionaire tax, while Proposition 42, a rival measure backed by a campaign largely funded by Google co-founder Sergey Brin, is leading and would bar similar future levies.

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Voters appear to have rejected Proposition 40, the state's billionaire tax, while Proposition 42, a rival measure backed by a campaign largely funded by Google co-founder Sergey Brin, is leading and would bar similar future levies.