Gavin Newsom’s billionaire tax two-step: squeeze the rich nationally, spare California’s donor class
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Jun 26, 2026, 3:22 pm72 ptsGov. Gavin Newsom is trying to sell America on a national billionaire tax as he sizes up a likely White House run in 2028 — but his critics say California's sky high tax record has already sent many residents fleeing and Newsom is now scrambling to protect his gilded Golden State donor class.
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