“Looking at that from a national prism, very different conversation than a state-by-state prism. That’s been the debate in California. I think the majority of Californians see that distinction even though they absolutely believe that we need a new tax bracket in this country,”

Gavin Newsom · said date not stated · reported 2026-11-04

Newsom distinguished his opposition to a state-level billionaire tax from his openness to a similar federal policy, noting Californians see the distinction.