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Newsom breaks with progressives over proposed California billionaire tax

Newsom breaks with progressives over proposed California billionaire tax3+ hour, 49+ min ago   (818+ words) California is considering the Billionaire Tax Act, which would impose a one-time tax on residents with a net worth over $1 billion. Gov. Gavin Newsom has voiced clear opposition to the proposed billionaire tax. Polling shows only slim support among Californians…...