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demmiblue

(39,346 posts) Tue Jan 13, 2026, 10:01 AM Jan 13

Newsom Vows to Stop Proposed Billionaire Tax in California [View all]

Source: NYT

Gov. Gavin Newsom said he was working behind the scenes to block a proposed tax on billionaires’ wealth and was committed to defeating the measure if it reached the ballot.

Gov. Gavin Newsom vowed on Monday to stop a proposed wealth tax in California, saying that its mere introduction had already hurt the state by driving some billionaires to relocate and take their tax dollars with them.

Mr. Newsom, a Democrat, said in an interview with The New York Times that he had been relentlessly working behind the scenes against the proposal, and that he would fight the measure if it reached the November ballot.

“This will be defeated — there’s no question in my mind,” Mr. Newsom said.

“I’ll do what I have to do to protect the state,” he added.

Read more: https://www.nytimes.com/2026/01/13/us/newsom-billionaire-tax-california.html

58 replies

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Newsom Vows to Stop Proposed Billionaire Tax in California [View all] demmiblue Jan 13 OP

Talk about being on the wrong side of history - nt TBF Jan 13 #1

He needs to explain more, since it was his taxing the wealthy that balanced CA's budget, with even a surplus. Why is ancianita Jan 13 #2

Just when you think he's your guy, House of Roberts Jan 13 #3

Just because he's an expert-level troll when it comes to Trump shouldn't mean that... LudwigPastorius Jan 13 #36

Because the gods only know, the wealthy are too poor to pay taxes. n/t malthaussen Jan 13 #4

Billionaire taxes won't work well, what we need are corporate taxes and franchises should count as part of the company. cstanleytech Jan 13 #5

Why not both? Fiendish Thingy Jan 13 #11

Because they actually will flee the country because they can afford it easily if we did it more than likely. cstanleytech Jan 13 #23

If they are US citizens, fleeing the country won't protect them Fiendish Thingy Jan 13 #25

Yeah but they would probably do it Tina Turner did which is give up her citizenship. cstanleytech Jan 13 #32

Good. Let them flee. travelingthrulife Jan 13 #47

Would that be a bad thing? They're vampires. Scrivener7 Jan 13 #53

Even vampires can come in handy especially if your in the need of kindling on a cold winter day. cstanleytech Jan 14 #57

he needs to clearly say that if it is the reasoning JT45242 Jan 13 #34

True, he needs to be clear about the reason why. cstanleytech Jan 14 #58

Wow...well at least he is telling us now angrychair Jan 13 #6

This is very upsetting EuterpeThelo Jan 13 #7

who are his donors. let's start there. Javaman Jan 13 #8

Spoiled little billionaires Clouds Passing Jan 13 #9

A man of the people, amirite? Fiendish Thingy Jan 13 #10

We can't afford child care, health care and to put roof's over our heads and Mr. Mustard 2023 Jan 13 #12

This is the problem with some democrats right here Mr. Sparkle Jan 13 #13

More NOPE for Newsom. n/t CountMyVote4Reality Jan 13 #14

I don't think I will be supporting him in 2028 primary. grockri Jan 13 #15

I trust Gavin. As usual conservatives are trying to kneecap him flamingdem Jan 13 #16

Please explain. I'll keep an open mind on this, HOWEVER..... groundloop Jan 13 #19

Words in his mouth? RoseTrellis Jan 13 #22

Well, Karma13612 Jan 13 #17

Kelly should destroy Gav. Traildogbob Jan 13 #26

Instead of making a knee-jerk decision, he listened to the experts who work for him and made an informed decision Jose Garcia Jan 13 #18

What was that exactly angrychair Jan 13 #20

Economists employed by the state determined that the new tax would create a short-term increase revenue. Jose Garcia Jan 13 #38

I call BS angrychair Jan 13 #39

Newsome is not advocating cutting taxes for billionaires. Where did you get they idea that he was? Jose Garcia Jan 13 #40

Again angrychair Jan 13 #41

Billionaires are hoarders duckworth969 Jan 13 #49

This message was self-deleted by its author angrychair Jan 13 #21

that's typical Newsom Nigrum Cattus Jan 13 #24

I Wake Up This Morning And Find Newsom Wanting To Kill The Billionaire Tax & Warren Advising Tr**p On...... global1 Jan 13 #27

Warren was on Lawrence last night. Chemical Bill Jan 13 #54

But they have so much money still after they pay taxes? pwb Jan 13 #28

Wow, that's the line for me. Please don't run for president. Buddyzbuddy Jan 13 #29

Not so fast! He isn't the only star candidate we've got! My senator, Chris Murphy, could be a terrific candidate for us. CTyankee Jan 13 #37

Newsome is the only elimination at this point. Buddyzbuddy Jan 13 #48

I am convinced that if Chris Murphy gets a shot at this, he can be considered a better choice than Newsom. CTyankee Jan 13 #50

Goodbye Presidential bid orangecrush Jan 13 #30

Isn't the tax proposal 5%? RussBLib Jan 13 #31

I generally like him -- but he is on the wrong side of this one JT45242 Jan 13 #33

"Newsom Vows to Stop Proposed Billionaire Tax in California" LudwigPastorius Jan 13 #35

L O L RandiFan1290 Jan 13 #42

This billionaires tax is going to be on Deminpenn Jan 13 #43

I expect he is right, lots of folks would move to avoid a $50,000,000 tax bill (per billion) EX500rider Jan 13 #44

bad move dude travelingthrulife Jan 13 #45

Well, I sure as hell am going to vote for it. travelingthrulife Jan 13 #46

He needs billionaire money for '28. Sneederbunk Jan 13 #51

Voters can pass it over Newsom's head Old Testament Libera Jan 13 #52

I'm not sure that any pols (either side) realize that they are creating a generation of democratic socialists. nt Blasphemer Jan 14 #55

Contact him and demand he support the tax BoycottTwitter Jan 14 #56