Newsom says California wealth tax 'really damaging' as billionaires move money, businesses out of state
- Posted on January 13, 2026
- By Google News
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Newsom says California wealth tax 'really damaging' as billionaires move money, businesses out of state

California Governor Gavin Newsom warns the proposed wealth tax is "damaging," as billionaires and public figures flee state ahead of its potential 2026 ballot measure.