Billionaire tax backers offer to cut proposed levy against California’s wealthiest — if Gavin Newsom gets on board
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Jun 18, 2026, 8:13 pm101 ptsBackers of California’s controversial billionaire tax initiative on Thursday publicly challenged Gov. Gavin Newsom to support a scaled-back version of the proposal, arguing a one-time levy on the state’s wealthiest residents is needed to prevent what they called a looming healthcare crisis.
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