Newsom says California wealth tax 'really damaging' as billionaires move money, businesses out of state

California Governor Gavin Newsom warns the proposed wealth tax is "damaging," as billionaires and public figures flee state ahead of its potential 2026 ballot measure.

Jan 13, 2026 - 17:00
 0  15
Newsom says California wealth tax 'really damaging' as billionaires move money, businesses out of state
California Governor Gavin Newsom warns the proposed wealth tax is "damaging," as billionaires and public figures flee state ahead of its potential 2026 ballot measure.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow