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California's billionaire tax proposal heads to voters as Newsom pushes national wealth tax

Top story · 4 sources · 4h ago

California's billionaire tax proposal heads to voters as Newsom pushes national wealth tax

California voters will decide whether the state’s billionaires should face a 5% net-worth tax in November after Gov. Gavin Newsom’s (D-CA) opposition to the idea failed to stop it from getting on the ballot. The ballot measure will decide if the state should impose a one-time 5% tax on its billionaire residents, an ide

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California voters will decide whether the state’s billionaires should face a 5% net-worth tax in November after Gov. Gavin Newsom’s (D-CA) opposition to the idea failed to stop it from getting on the ballot. The ballot measure will decide if the state should impose a one-time 5% tax on its billionaire residents, an ide

California voters will decide whether the state’s billionaires should face a 5% net-worth tax in November after Gov. Gavin Newsom’s (D-CA) opposition to the idea failed to stop it from getting on the ballot. Gavin Newsom proposed a tax on America's billionaires — while remaining in steadfast opposition to the very same levy on the wealthiest in his state.

Gavin Newsom is calling for a national “billionaires' tax” and suggests the U.S. government should own a stake in AI companies.

The Seattle Times reported the story as "Newsom urges a national 'billionaires' tax' while fighting one in California." Washington Examiner reported the story as "California's billionaire tax proposal heads to voters as Newsom pushes national wealth tax."

4 sources have covered this story, including Washington Examiner, New York Post, Pittsburgh Post-Gazette and The Seattle Times. The earliest reporting in the cluster landed about 4 hours ago.

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    Verified

    Core event reported by 4 independent outlets across the spectrum.

    4 corroborating · 1 primary-source link

  2. [02]
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    4 corroborating

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