California
Wednesday, 7/22, 04:48 PM
Newsom fights a state wealth tax while backing a federal one
- The governor leaned on the union behind a November ballot measure to tax California billionaires, arguing the wealthy would simply move their assets out of state.
- At the same time he is calling for a national wealth tax on people worth more than $100 million.
- Supporters call it consistent; critics call it convenient.