California Democratic Gov. Gavin Newsom is facing another blow after a massive wealth tax he warned could cause a wealth and business exodus from the state was officially added to the November ballot.

California Gov. Gavin Newsom called for a nationwide tax on billionaires as part of a broader "economic reset for America." Newsom, who is considered to be a 2028 presidential contender, also ...

It’s deadline day for the contentious proposal to impose a new tax on California billionaires, an idea opposed by Gov. Gavin Newsom, influential groups with deep pockets, and, of course, the ultra ...

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Political Director and Executive Director of Politics and White House, CBS News Fin Daniel Gómez is CBS News' political director and executive director, Politics and White House. In this role, Gómez ...

The 41-year-old superstar has earned more during his playing career than any other athlete in history and now enters the World Cup as the newest member of the three-comma club, alongside his longtime ...

The wealthy are fighting back with two ballot issues that could nullify the measure in November. The battle reflects a broader tension as American politics contends with deep inequality. By Laurel ...

This is read by an automated voice. Please report any issues or inconsistencies here. See more from the L.A. Times in Google Search. Set us as preferred A one-time 5% tax on California billionaires’ ...

After failing to block from the ballot a measure that would enact a billionaire tax in his state, California Gov. Gavin Newsom is now proposing a national wealth tax of his own. Subscribe to read this ...

Gov. Gavin Newsom, who's been a firm opponent of California's so-called "billionaire tax," said he would support a national wealth tax on billionaires, promoting it as a real solution to the wealth ...

Prince William is officially a billionaire — and richer than his dad, King Charles III. The Prince of Wales has a net worth of $1.6 billion thanks to his royal estate, Duchy of Cornwall, which he ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Some of the biggest names in business are speaking up about California's billionaire tax proposal.