# Newsom's $14B Tax Boost for California

> California's governor added $14.3 billion in new taxes during his final years in office, raising living costs as he prepares for a presidential run.
- Title: Newsom's $14B Tax Boost for California · California Post
- Summary: California's governor added $14.3 billion in new taxes during his final years in office, raising living costs as he prepares for a presidential run…
- Keywords: gavin newsom, california, taxes, state government, presidential campaign, california tax foundation, california legislative session, senate bill 122, senate bill 125, news, entertainment, Newsom's
- Source: California Post — https://nypost.com/2026/10/20/us-news/gavin-newsom-added-14b-in-new-california-taxes-in-final-years-as-governor-report
- Published: 2026-10-20T19:49:37+00:00
- Read time: 1 min
- Topics: gavin newsom, california, taxes, state government, presidential campaign, california tax foundation, california legislative session, senate bill 122, senate bill 125, news, entertainment
## New taxes approved
Democratic lawmakers and Newsom approved measures raising taxes and fees by $14.3 billion annually during the last two-year legislative session.
## High costs for Californians
Californians already pay the nation's highest gasoline taxes, highest statewide base sales tax rate, and highest top personal income tax rate.
## Tax impact on households
The new taxes would add about $1,000 annually per California household, though most target specific taxpayers and businesses.
## Key tax measures
Senate Bill 122 extends taxation to digital software sales and limits tax credits, generating $9.17 billion annually.
## Health plan tax
Senate Bill 125 imposes a health plan tax expected to raise $2.3 billion annually.
## Total tax impact
The two measures account for $11.47 billion, or 80% of the $14.3 billion annual tax increases approved during the legislative session.
## Key takeaway

California's governor approved $14.3 billion in annual taxes that will increase living costs for Californians.