After losing one billionaire tax battle, Gavin Newsom prepares to wage another
· natasha korecki
AI Briefing
- California Governor Gavin Newsom proposes national wealth tax to fund social programs and infrastructure.
- Newsom also introduces AI ownership initiative to give Americans a stake in emerging technology.
- Proposal comes as Newsom considers a potential run for the White House.
Context
California Governor Gavin Newsom proposed a national wealth tax and an initiative related to AI. The proposal for the national wealth tax is expansive.
Newsom's proposal matters as he is considering a White House run, which could bring his tax ideas to the national stage.
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