Possible scenario
Tax Still Passes
25% Chance
Despite the teachers union rejection, the measure's earlier polling lead holds because voters favor taxing billionaires for education and social spending. Opposition spending, Newsom's countermeasure, and the NBER report reduce the margin but do not reverse the populist appeal.
Secondary impacts
- Technology -1.2%
- Finance -0.8%
- Business Services -0.6%
- Consumer Services -0.1%
Portfolio impact
S&P 500-0.7%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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