California Gov. Gavin Newsom on Friday proposed a national tax on billionaires that he says is the first part of an “economic reset for America” agenda, which aides explicitly say is part of his ...

Research shows that past tax increases by states have not led to wealthy residents leaving.

California Democratic Gov. Gavin Newsom is facing another blow after a massive wealth tax he warned could cause a wealth and business exodus from the state was officially added to the November ballot.

Gov. Gavin Newsom is putting millions behind an effort to tackle one of California’s biggest election headaches: the state’s ...