Gavin Newsom calls for national billionaires tax: ‘It’s time for an economic reset’ – CNBC
California Gov. Gavin Newsom said he supports imposing “a true minimum tax on billionaires” and closing “tax-free lifestyle loan” loopholes for the rich.
Key Points
- California Gov. Gavin Newsom called for a nationwide tax on billionaires as part of a broader “economic reset for America.”
- Newsom, who is considered to be a 2028 presidential contender, also reiterated his opposition to a state-level wealth tax that Californians will vote on in November.
- He also called for creating a “national public equity fund” to help “ensure every American owns a stake in the future being built by AI.”
