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.
2 reports, 2 independent
Updated Jun 26
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What happened
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.
Who's involved
What this event is mainly aboutKeep 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
- Governor Newsom opposes a wealth tax proposal, warning about billionaires on Forbes list, and proposing healthcare cuts in his bill.
- Nvidia CEO and political figures, including Bernie Sanders, support the proposed billionaire tax in California.
- Tax initiative threatens high earner base.
- Gavin Newsom is a prominent player in Sacramento, central to the ongoing tax proposal facing California.
The entities involved
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Bernie Sanders
United States Senator from Vermont
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Gavin Newsom
40th governor of California since 2019
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)