California Governor Gavin Newsom worked to prevent a proposed billionaire tax from appearing on the state ballot, but his effort did not succeed.
With the tax now slated for voter consideration, the ensuing campaign will serve as a barometer for Newsom’s broader political ambitions, including a potential run for the U.S. presidency.
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The outcome of the ballot measure could influence both California’s fiscal policy and Newsom’s standing among voters and party leaders as he navigates his national profile.
