Governor Gavin Newsom used his final formal address to California lawmakers to push back against a renewed wave of criticism.
As President Donald Trump and various billionaires rally against a proposed wealth tax in the state, Newsom firmly defended the initiative. Additionally, he addressed ongoing allegations of fraud linked to the proposal.
In his speech, the Governor emphasized the importance of progressive taxation and maintaining California’s commitment to economic fairness.
https://www.bloomberg.com/news/articles/2026-01-08/newsom-hypes-california-under-attack-from-trump-billionaires