Newsom Advocates National Billionaire Tax While Opposing California Measure
California Governor Gavin Newsom is urging a national 'billionaires' tax' while simultaneously campaigning against a similar tax proposal in his own state, facing criticism amid a mass exodus of residents.
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Gavin Newsom urges a national 'billionaires' tax' while fighting one in California
California governor calls for national tax on super-wealthy and suggests the US should own a stake in AI companies US politics live – latest updates California’s governor, Gavin Newsom, called for a national “billionaires tax” on Friday as he fights a ballot measure targeting the ultra-wealthy in his home state. Newsom, who is expected to run for president in 2028, published his proposal the day after California officials certified a ballot proposal to levy a one-time 5% tax on residents wo...
By Nick Robins-Early and agencies
Read full article →Newsom begs Californians to vote 'no' on billionaire's tax in face of mass exodus, pitches nationwide tax hike
California's billionaire tax is officially added to November ballot despite Gov. Newsom warning wealthy residents will flee to Texas or Florida.
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