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BILLIONAIRES TAX: Gov. Newsom Pushes National Billionaires Tax — Rejects California’s Own Plan

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California Governor Gavin Newsom today called for a nationwide “billionaires tax,” arguing wealth inequality must be addressed at the federal level. He rejected California’s proposed wealth tax, saying state-by-state efforts fail since billionaires can relocate, and insisted a national minimum tax is the only effective and lasting solution.


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