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Gavin Newsom calls for national tax on billionaires
Published 1 month, 1 week ago
Description
California Governor Gavin Newsom called for a national minimum tax on anyone worth more than $100 million on June 26, 2026, pitching the proposal as an "economic reset" to combat elite wealth concentration. Published in a Substack post, the federal plan is a strategic political pivot designed to counter a certified California ballot measure that Newsom strongly opposes.
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