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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.
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.

At a glance
- First reported by CBS News: “California's Proposition 40: A tax on billionaires”, with reporting from Washington Examiner.
- Covered on BBN on Sunday, October 18, 2026, at 9:39 AM ET on Meet the Pressure, by Chip Darnell and Gloria Vance.
- Topics: Supplemental Security, SSI, California.
- BBN covered this story before: November SSI payment of up to $994 goes out in 13 days (October 17).
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

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.

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.

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

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.

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

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

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

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.

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

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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All videos →The story so far
- SSI payment of up to $994 now 19 days out, set for Halloween · Washington Examiner
- California Proposition 5 would change how recall elections work · CBS News
- November SSI direct payment up to $994 goes out in 16 days · Washington Examiner
- November SSI payment of up to $994 goes out in 13 days · Washington Examiner
- 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






