Steve Hilton wants to give the richest Californians, millionaires and billionaires, a forty percent tax cut
OverstatedXavier Becerra, at California Governor General Election Debate (CNN)
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Why we checked itSpecific percentage figure attributed to an opponent's policy proposal — verifiable against Hilton's actual tax plan
What we foundHilton's plan does lower taxes for the wealthiest Californians, and the rate reduction from 13.3% to 8% is mathematically close to 40% — but the claim overstates the picture by characterizing it as a cut targeted at 'millionaires and billionaires,' when the plan is primarily framed as middle-class relief and the flat 8% applies to all income above $150,000.