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Newsom backs measure to block billionaire wealth tax in California
Original: gavin newsom
California Governor Gavin Newsom has endorsed a measure that would eliminate the state's proposed tax on billionaires and ban future wealth taxes. The move, reported by CalMatters, puts the Democratic governor at odds with progressive allies who pushed the billionaire tax, and is drawing attention as debates over taxing extreme wealth intensify nationally.
Why now: Newsom's break with progressives on taxing billionaires is a politically significant shift with national implications
Gavin NewsomCaliforniaCalMatters
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