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

California Governor Gavin Newsom called for a federal billionaires tax yesterday while fighting a similar measure in his state. According to The Guardian, California officials just certified a ballot initiative imposing a five percent one-time tax on residents worth more than one billion dollars. The measure, backed by healthcare worker unions, would fund healthcare, education, and food assistance programs. Newsom, positioning himself for a potential twenty twenty-eight presidential run, announced his national proposal the day after the state certified the local measure.

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