'TOO SOON TO TELL': California's billionaire tax hangs in the balance

Fox Business7 hours ago1:54

FOX Business correspondent Kelly Saberi reports on the vote percentages for California's Propositions 40 and 42, highlighting key opponents of the tax on 'Varney & Co.' 00:00 California's Billionaire Tax (Prop 40) on Track to Fail 00:30 The $400 Million Fight Over Wealth Taxes 00:50 High-Profile Opponents: Newsom and Sergey Brin 01:08 Prop 42 and Retirement Savings Protection 01:30 Low-Income Counties Reject the Wealth Tax Subscribe to Fox Business: https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours. Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness Follow Fox Business on Twitter: https://twitter.com/foxbusiness Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness

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