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 worth
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Gavin Newsom speaks at the Center for American Progress Ideas conference in Washington DC on 19 May 2026. Photograph: Annabelle Gordon/ReutersView image in fullscreenGavin Newsom speaks at the Center for American Progress Ideas conference in Washington DC on 19 May 2026. Photograph: Annabelle Gordon/ReutersGavin NewsomGavin Newsom urges a national 'billionaires' tax' while fighting one in CaliforniaCalifornia governor calls for national tax on super-wealthy and suggests the US should own a stake in AI companies US politics live – latest updates Nick Robins-Early and agenciesFri 26 Jun 2026 12.46 EDTSharePrefer the Guardian on GoogleCalifornia’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…
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