Why Newsom Really Wants to Kill California’s ‘Billionaire Tax’
Bogdan Hofbauer
Gavin Newsom has a problem. Photo: Justin Sullivan/Getty Images Gavin Newsom is widely expected to run for president in 2028. But he faces some major problems during his last year as governor of California. He’s required to balance his budget. But that’s led him to propose some social-spending cuts that have upset progressives and union leaders, particularly when they were compounded by even greater cuts from Trump’s Republican Congress. Now these progressives are pushing a ballot initiative to
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