California’s Landmark Wealth Tax May Be Running Out of SteamCalifornia’s Billionaire Tax ballot initiative led in early polls, but opposition from Gavin Newsom and Xavier Becerra, along with heavy ad spending against it, is taking a toll. It’s a tough situation for Newsom.New York Magazine17d agoWhole story →HealthEconomyGavin Newsomcalifornia billionaire tax initiative