Could Gavin Newsom Kill the California Wealth Tax?
Gov. Gavin Newsom has been against the California Wealth Tax aka the Billionaires Tax from the beginning, but as of last month he hadn't done much to stop it. Supporters managed to gather 1.5 million signatures, nearly twice the number needed to get it on the ballot. It seemed to be heading for a vote in November. But now, Newsom has roused himself and seems to be fighting back.
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Could Gavin Newsom Kill the California Wealth Tax? John Sexton 8:00 PM | June 16, 2026 AP Photo/Markus Schreiber Gov. Gavin Newsom has been against the California Wealth Tax aka the Billionaires Tax from the beginning, but as of last month he hadn't done much to stop it. Supporters managed to gather 1.5 million signatures, nearly twice the number needed to get it on the ballot. It seemed to be heading for a vote in November. But now, Newsom has roused himself and seems to be fighting back.
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