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Gavin Newsom calls for national billionaires tax: 'It's time for an economic reset'

California Gov. Gavin Newsom said he supports imposing "a true minimum tax on billionaires" and closing "tax-free lifestyle loan" loopholes for the rich.

Gavin Newsom calls for national billionaires tax: 'It's time for an economic reset'

Published June 26, 2026 · Category: Finance

Overview

California Gov. Gavin Newsom said he supports imposing "a true minimum tax on billionaires" and closing "tax-free lifestyle loan" loopholes for the rich.

Source

Originally published at www.cnbc.com.

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