Newsom Endorses Ballot Measure That Would Cancel Out Billionaire Tax—and Ban Future Wealth TaxesCalifornia Gov. Gavin Newsom ramped up his opposition to a proposed tax on the state's billionaire residents on Friday by endorsing a competing ballot measure that would both cancel out the billionaire wealth tax initiative and prohibit any new taxes on the ownership of financial assets or other personal property. "He’s showing California his true…Common Dreams7d agoWhole story →GovernmentEconomycalifornia ballot measure endorsement