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Failing 'Moral Test,' Newsom Rejects Compromise 2% Wealth Tax on California Billionaires
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Failing 'Moral Test,' Newsom Rejects Compromise 2% Wealth Tax on California Billionaires

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"I want a Democratic party that will stand for the working class," said Rep. Ro Khanna, a supporter of taxing billionaire wealth. "Whose side are you on?"

California Gov. Gavin Newsom on Thursday refused to budge from his opposition to a proposed wealth tax on the Golden State's billionaires, swiftly dismissing a union-led coalition's effort to compromise by reducing its desired 5% rate by more than ha... [2346 chars]

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Source: Common Dreams

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