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California's Prop 40 billionaire tax; SSI payment up to $994 due

Voters in California will decide Proposition Forty, which taxes billionaires' wealth, and some progressives oppose it; the SSI check arrives first, up to nine hundred ninety-four dollars.

Photo: Andre m · CC BY-SA 3.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 3.0
▶ As it aired · Your Money

Watch it as it aired: Chip Darnell and Gloria Vance on this story, from Meet the Pressure at 9:39 AM ET. Cartoon anchors, real headline: the facts are CBS News's, the jokes are ours.

Photo: California State Capitol
Photo: Andre m · CC BY-SA 3.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 3.0

At a glance

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

What BBN said about it

  1. Chip Darnell · U.S. News AnchorWe begin with a check. The November Supplemental Security Income payment, up to nine hundred ninety-four dollars for an individual, goes out in twelve days.

  2. Gloria Vance · World News AnchorPayments normally go out on the first of the month, or the last business day before it when the first lands on a federal holiday.

  3. Gloria Vance · World News AnchorRecipients on fixed incomes plan around that date.

  4. Chip Darnell · U.S. News AnchorTwelve days is plenty of time to get the budget ready, and I'm thrilled for everybody who has already circled it.

  5. Gloria Vance · World News AnchorNow to California, where voters will decide Proposition Forty, a new tax on billionaires' wealth.

  6. Gloria Vance · World News AnchorCBS News examines whether it would deliver what its backers promise.

  7. Chip Darnell · U.S. News AnchorA tax on billionaires! That sounds like everybody on the left is going to cheer it on.

  8. Gloria Vance · World News AnchorSome progressives oppose it. The measure aimed at the richest people in the state has managed to divide the people who wanted it.

  9. Chip Darnell · U.S. News AnchorWow. So the billionaires have unified somebody.

  10. Gloria Vance · World News AnchorNot in the way they'd have chosen. The question for voters is whether the benefits are real, and the report takes that up directly.

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The story so far

  1. SSI payment of up to $994 now 19 days out, set for Halloween · Washington Examiner
  2. California Proposition 5 would change how recall elections work · CBS News
  3. November SSI direct payment up to $994 goes out in 16 days · Washington Examiner
  4. November SSI payment of up to $994 goes out in 13 days · Washington Examiner
  5. California's Prop 40 billionaire tax; SSI payment up to $994 due (this story)

From the archive: everything BBN aired on Sunday, October 18, 2026 · the Your Money archive · all months