Newsom Pushes Federal Wealth Tax After Failing to Block California Version

California Governor Gavin Newsom is calling for a sweeping federal wealth redistribution plan that would establish a floor on what the ultra-rich pay in taxes and funnel AI industry profits into an ownership fund for ordinary Americans. The proposal arrives just as Newsom was unable to keep a separate billionaire tax measure off the California […] The post Newsom Pushes Federal Wealth Tax After Failing to Block California Version appeared first on the deep dive.