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Newsom urges a national ‘billionaires’ tax’ while fighting one in California

Gavin Newsom proposes a national tax on billionaires while opposing a similar tax in California. He suggests federal reforms to prevent wealth concentration, especially in AI, while fearing state-level taxes could drive billionaires away. H...

AP News· Jun 26, 2026 · 11:55 PM · 22 views

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Gavin Newsom proposes a national tax on billionaires while opposing a similar tax in California. He suggests federal reforms to prevent wealth concentration, especially in AI, while fearing state-level taxes could drive billionaires away. How will this affect his political future? #Politics #TaxReform #Billionaires #AI #Newsom

Originally reported by AP News. Read the full story →

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