Governor Gavin Newsom says he has been negotiating for four months to neutralize California's wealth tax ballot proposal; a compromise does not appear imminent Politico 2026-01-14 Gavin Newsom, California Related Coverage Proposed billionaires' tax in California rattles Silicon Valley, entangles Gov. Newsom Associated Press What to Know About the Proposed California Wealth Tax Drawing Threats From Billionaires and Pushback From Newsom Time · Connor Greene A late-November 2025 amendment to California's wealth tax proposal treats founder control as ownership, which could end founder-controlled startups in the state Pirate Wires · Mike Solana Discussion r/politics r on reddit Gavin Newsom moves to neutralize tax on billionaires r/California_Politics r on reddit Gavin Newsom moves to neutralize tax on billionaires r/TrueAnon r on reddit You can rest easy West Coast conservatives: Gavin Newsom moves to neutralize tax on billionaires