Gavin Newsom has called for a national tax on the ultra-rich on the very same week he is working to defeat a billionaires' tax in his own state, drawing accusations of hypocrisy from the left.
The California governor unveiled his federal plan in a lengthy Substack post on 26 June 2026, a day after a state wealth tax secured its place on the November ballot over his objections. Newsom insists the two positions are consistent, arguing the fight against concentrated wealth belongs in Washington rather than Sacramento.
