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Gavin Newsom calls for national billionaires tax: 'It's time for an economic reset'
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- Gavin Newsom, who is widely viewed as a 2028 presidential contender, on Friday called for a nationwide tax on billionaires as part of a broader agenda to to usher in what he's calling an "economic reset for America."
- The next presidential election is more than two years away, but a speculative roster of names for both major parties has already emerged, with Newsom near the top of the list for the Democrats.
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California Gov. Gavin Newsom, who is widely viewed as a 2028 presidential contender, on Friday called for a nationwide tax on billionaires as part of a broader agenda to to usher in what he's calling an "economic reset for America."
The Democratic governor, in a Substack post and accompanying video posted on social media, backed hiking taxes on the nation's richest — but reiterated his opposition to a state-level wealth tax that Californians will vote on in November.
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