California's Billionaire Tax Sparks Exodus and Political Tensions
TL;DR
Congressman Khanna criticized California's management, citing a $72 billion figure he couldn't verify, and called for congressional hearings on high-risk programs, prompting a response from Governor Newsom's spokesperson emphasizing the importance of accuracy and fraud prevention.
- Khanna swipes at Newsom in potential 2028 preview Politico
- Opinion | California will miss billionaires when they’re gone The Washington Post
- Khanna calls for nationwide fraud investigation after wealth tax proposal caused firestorm CNBC
- A Wealth Tax Floated in California Has Billionaires Thinking of Leaving The New York Times
- Tech moguls threaten to leave California as billionaire tax proposal gains support among unions ABC7 San Francisco
Want the full story? Read the original reporting
Read on Politico