Newsom pitches nationwide billionaire tax and AI stake plan as economic reset

California Gov. Gavin Newsom is pushing a nationwide billionaire tax as part of an economic reset for America, advocating a true Buffett Rule minimum tax, closing loopholes, and restoring corporate rates, while proposing a national public equity fund to give Americans a stake in AI's future. He also opposes California’s upcoming wealth-tax ballot measure and frames the plan in a national policy context tied to potential 2028 presidential ambitions.