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On June 26, 2026, California Governor Gavin Newsom called for a national tax on billionaires while contesting a related measure in California. The California Billionaire Tax Act proposes a one-time 5% tax on individuals worth over $1 billion to fund state programs.
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On June 26, 2026, California Governor Gavin Newsom called for a national tax on billionaires while contesting a related measure in California. The California Billionaire Tax Act proposes a one-time 5% tax on individuals worth over $1 billion to fund state programs.
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Gavin Newsom urges a national 'billionaires' tax' while fighting one in California
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