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Union Behind California Billionaire’s Tax Offers to Drop It in Favor of Smaller Tax
June 21, 2026 // Newsom batted down the offer via a spokeswoman, who said the governor “has been clear that he is strongly opposed to a California-only wealth tax.” “This poorly designed state-only measure will defund teachers, schools, clinics, and public safety,” Newsom’s spokeswoman said. “Changing the tax rate doesn’t change this measure’s fundamental flaws that harm working Californians.”