Governor Newsom opposes a wealth tax proposal, warning about billionaires on Forbes list, and proposing healthcare cuts in his bill.
2 reports, 2 independent
Updated Sep 25
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What happened
Governor Newsom opposes a wealth tax proposal, warning about billionaires on Forbes list, and proposing healthcare cuts in his bill.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Service Employees International Union proposes a wealth tax that Governor Newsom opposes, while also comparing his tax stance to Donald Trump's.Sub-event
Newsom opposes wealth tax, warns about billionaires on Forbes list, and includes healthcare cuts in his bill.1 source
Keep exploring
Part of
California is targeting high net worth individuals with a proposed tax on billionaires, involving political figures like Donald Trump, Gavin Newsom, and Bernie Sanders.Also in this story
- Gavin Newsom and the State of California are facing pressure regarding the state's healthcare funding.
- Prominent progressives Gavin Newsom and Bernie Sanders are opposing a new tax measure targeting high net worth individuals, which was prompted by Trump's tax breaks.
- Proposed budget projections are leading to legislative action in California regarding the proposed tax on billionaires.
- Tax initiative threatens high earner base.
The entities involved
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Gavin Newsom
40th governor of California since 2019
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California
former rapid transit station in Chicago, United States
Related events
- A tax proposal is reportedly driving wealthy residents out of California.
- The wealth tax proposal is being pushed towards a nationwide tax structure, involving key political figures including Gavin Newsom, Xavier Becerra, and Steve Hilton.
- Newsom opposed state wealth tax proposals, while Steve Hilton addressed housing and Newsom claimed success for a mental health program.
- A wealth tax proposal in California is being analyzed by the Tax Foundation, with political figures like Gavin Newsom and Andrew Yang publicly opposing it, and Google co-founders being mentioned as potential taxpayers.
- Gavin Newsom criticized Donald Trump's economic policies.