California Governor Gavin Newsom will step down in January 2027, allowing Xavier Becerra to assume office. Both politicians share similar views but differ on key issues like the high-speed rail project, where Becerra calls for more leadership changes, and the Hollywood tax credit, with Becerra taking a more cautious stance. They also oppose a wealth tax on billionaires for different reasons, with Becerra favoring broader tax reforms.
Key facts
- Gavin Newsom will leave office in January 2027.
- Xavier Becerra previously served as California's attorney general.
- The high-speed rail project costs are estimated between $126 billion and $231 billion.
- Newsom proposed increasing the film tax credit to at least $1 billion annually.
- Proposition 40, a wealth tax on billionaires, was rejected by over 52% of voters.
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