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Gavin Newsom urges a national 'billionaires' tax' while fighting one in California

The Guardian World Friday 26 June 2026, 16:46 UTC By Nick Robins-Early and agencies 1 min read
Key Points

California governor calls for national tax on super-wealthy and suggests the US should own a stake in AI companiesUS politics live – latest updatesCalifornia’s governor, Gavin Newsom, called for a national “billionaires tax” on Friday as he fights a ballot measure targeting the ultra-wealthy in his home state. Newsom, who is expected to run for president in 2028, published his proposal the day after California officials certified a ballot proposal to levy a one-time 5% tax on residents worth...

California governor calls for national tax on super-wealthy and suggests the US should own a stake in AI companies

California’s governor, Gavin Newsom, called for a national “billionaires tax” on Friday as he fights a ballot measure targeting the ultra-wealthy in his home state.

Newsom, who is expected to run for president in 2028, published his proposal the day after California officials certified a ballot proposal to levy a one-time 5% tax on residents worth more than $1bn. The proposal, called the California Billionaire Tax Act, was brought by the Service Employees International Union-United Healthcare Workers West (SEIU-UHW) and would fund the state’s healthcare, education and food assistance programs.

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Gavin Newsom (PERSON) California California (LOCATION) US (LOCATION) AI (ORG) Newsom (PERSON) California (LOCATION) the Service Employees International Union-United Healthcare Workers West (ORG)
Originally published by The Guardian World Read original →

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