Gavin Newsome moves to neutralize tax on billionaires
RickJWagner Tuesday, January 13, 2026
Summary
California Governor Gavin Newsom proposes a new tax on the state's wealthiest residents, aiming to generate revenue and address income inequality. The plan faces opposition from some legislators and the business community, but Newsom argues it's necessary to fund critical services and programs.
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politico.com