US EditionBernie Sanders and Gavin Newsom become adversaries over push to tax California billionaires
The proposed one-time 5% tax on billionaire assets faces opposition from Gov. Newsom who warns of economic harm while Sanders supports it to address wealth inequality.
- A proposed one-time 5% tax on California billionaires' assets is creating a rift between Bernie Sanders, who supports it, and Governor Gavin Newsom, who opposes it.
- Sanders plans to hold a rally in support of the tax, which he says should be a template for addressing wealth inequality.
- The tax aims to backfill federal funding cuts to health services for lower-income Californians made under President Trump.
53 Articles
53 Articles
Gavin Newsom and Bernie Sanders become adversaries over push to tax California billionaires
By MICHAEL R. BLOOD, Associated Press LOS ANGELES — As national Democrats search for a unifying theme ahead of the fall’s midterm elections, a California proposal to levy a hefty tax on billionaires is turning some of the party’s leading figures into adversaries just when Democrats can least afford division from within. Bernie Sanders will be in Los Angeles campaigning Wednesday for the tax proposal that has the Silicon Valley in an uproar, with…
Bernie Sanders and Gavin Newsom become adversaries over push to tax California billionaires - The Boston Globe
Bernie Sanders is coming to Los Angeles to campaign for a proposed “billionaires tax” that has set off an uproar in the Silicon Valley and led to divisions among Democrats.
Associated Press News
Bernie Sanders and Gavin Newsom become adversaries over push to tax California billionaires
Bernie Sanders is coming to Los Angeles to campaign for a proposed “billionaires tax” that has set off an uproar in the Silicon Valley and led to divisions among Democrats.
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