Newsom calls for national billionaire tax
Newsom says the tax would require people with more than $100 million in net worth to pay at least the rate their workers pay.
- Gavin Newsom, a potential 2028 presidential candidate, proposed a national tax on billionaires to reset America's economy.
- Newsom supports a minimum tax on billionaires, similar to a modern Buffett Rule, ensuring they pay at least the same rate as their workers.
- He wants to close tax loopholes and exemptions that benefit the ultra-wealthy.
- Newsom suggested a national public equity fund for all Americans to share in AI-driven future growth.
19 Articles
19 Articles
Rep. Ro Khanna lays into Gavin Newsom’s tax proposal, setting up 2028 battle lines
SACRAMENTO, Calif. — Rep. Ro Khanna slammed Gov. Gavin Newsom’s national tax proposal on Friday, accusing the fellow Democrat of being a “cheerleader for the billionaire class” by refusing to back a proposed wealth tax on California’s billionaires. The two…
The governor of California intends to subtract some of the profits made by billionaires by imposing a national tax on them.
Newsom pushes national wealth tax after opposing California billionaire tax
After spending months fighting a wealth tax in his state, a likely 2028 presidential contender says it’s time for an “economic reset” by way of a national tax on billionaires. California Gov. Gavin Newsom says he wants to implement a national tax on the ultra-rich. That comes after he’s been vocally opposed to a wealth tax proposal in his own state. Newsom proposal “It's time for an economic reset, a true minimum tax, a true minimum tax on bill…
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
