NEW: Californians Reject State Wealth Tax in Nestpoint Poll
Washington, D.C., October 22, 2026 — A new Nestpoint poll conducted with national pollster David Wolfson showed 54.6 percent of California voters oppose Proposition 40, with only 34.1 percent in support. This measure, which will appear on the statewide ballot this November, would impose a tax on certain assets in California valued above $1 billion.
The results mark a 22.5-point swing from Nestpoint's August poll, which found 48.6 percent of California voters supported the measure and 46.6 percent opposed.
“Voters get it. Capital flight isn’t a theory to Californians as they’ve watched it happen in real time for years, one moving truck to Texas at a time. A 22-point swing in six weeks, with ballots already in the mail, says this measure is headed for defeat,” said John Thomas, Co-Founder and Managing Director, Nestpoint. “When even a deep-blue electorate concludes a tax on the wealthy is beyond the pale, every statehouse in the country should take note.”
Read the full report here.
Read the Daily Caller exclusive here.
The three surveys were conducted statewide in California by MMS text-to-web on August 14–15, September 10–12, and September 27 – October 1, 2026, with 800+ likely voters each and a margin of error of ±3 percentage points at 95 percent confidence.
For all media inquiries, please contact Stephen Lewerenz at [email protected].
About the Pollster
David Wolfson is a national pollster specializing in voter behavior and predictive analytics. He previously taught at Columbia University’s Political Analytics graduate program, and is a recipient of an American Association of Political Consultants (AAPC) Pollie Award for Best Use of Polling Research.
About Nestpoint
Nestpoint, with a global footprint and a formidable presence in Washington, D.C., is a leading government affairs, finance, and private equity firm. As a strategic ally, Nestpoint transforms challenges into opportunities through its expertise in policy influence, global networks, and financial innovation, delivering customized solutions for sustained client success. Nestpoint advises multibillion-dollar companies in the manufacturing, energy, and technology sectors as well as foreign nations.
