# Newsom's $14.3B Tax Hike Haunts White House Ambitions

> California's $14.3 billion tax hike could derail Gavin Newsom's presidential run.
- Title: Newsom's $14.3B Tax Hike Haunts White House Ambitions
- Summary: 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…
- Keywords: gavin newsom, california tax, white house ambitions, tax hike, california, democratic legislators, california tax foundation, 2026 legislative session, news, entertainment, Newsom's, Tax
- Source: California Post — https://nypost.com/2026/10/20/opinion/gavin-newsoms-14-3b-tax-hike-should-haunt-his-run-for-the-white-house
- Published: 2026-10-21T01:38:35+00:00
- Read time: 1 min
- Topics: gavin newsom, california tax, white house ambitions, tax hike, california, democratic legislators, california tax foundation, 2026 legislative session, news, entertainment
## 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.
## Key takeaway

California's $14.3 billion tax increase may harm Gavin Newsom's White House ambitions.