Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead
- Posted on June 26, 2026
- By CNN
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- 1 min read
Gavin Newsom opposes a California wealth tax. He’s proposing a national billionaire tax instead
California Gov. Gavin Newsom on Friday proposed a national tax on billionaires that he says is the first part of an “economic reset for America” agenda, which aides explicitly say is part of his considering to launch a presidential campaign.
