From California Post · · 1m
Newsom's $14.3B Tax Hike Haunts White House Ambitions
California's $14.3 billion tax hike could derail Gavin Newsom's presidential run.
In brief
California's $14.3 billion tax hike could derail Gavin Newsom's presidential run. California's $14.3 billion tax increase may harm Gavin Newsom's White House ambitions. Originally reported by California Post.
California Tax Foundation Report
The California Tax Foundation reports $14.3 billion in new taxes imposed by Newsom and Democratic legislators during the 2025-26 legislative session.
Newsom's Tax Policy
Newsom signed 67 of 156 tax proposals to raise $803 billion in revenue during the 2025-26 session.
California's Tax Burden
California has the nation's highest gas taxes, base sales tax rate, and top personal income tax rate.
Homelessness and Tax Policy
The state spends billions on a homeless industrial complex with tax incentives to maintain encampments.
Billionaire Exodus
At least seven billionaires have left California due to the 'billionaire tax' policy.
Tax Impact on Economy
Employers and entrepreneurs have fled California for states with lower taxes and better governance.
The takeaway
California's $14.3 billion tax increase may harm Gavin Newsom's White House ambitions.
