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California Democrats Want to Tax Billionaires. They Can’t Agree on How.

Leaders of the state Democratic Party endorsed the ballot measure slated for November, but the party remains far from united on the issue as Democrats nationwide grapple with a growing wealth gap.
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Gavin Newsom and His Wife Made $1.4 Million in 2024, Tax Returns Show

The taxable income of California’s governor and his wife, Jennifer Siebel Newsom, exceeded $1 million a year from 2021 to 2024.

© Saul Loeb/Agence France-Presse — Getty Images

The Newsoms released their tax filings as federal agents investigated Jennifer Siebel Newsom’s finances. They said the forms countered right-wing claims that they had enriched themselves while Mr. Newsom was in office.
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