Proposed billionaires' tax in California rattles Silicon Valley, entangles Gov. Newsom
Associated Press
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California Gov. Gavin Newsom speaks during his State of the State address Thursday, Jan. 8, 2026, in Sacramento, Calif. (AP Photo/Godofredo A. Vsquez)FILE - A woman walks by a giant screen with a logo at an event at the Paris Google Lab on the sidelines of the AI Action Summit in Paris, on Feb. 9, 2025. (AP Photo/Thibault Camus,File)U.S. Sen. Bernie Sanders, I-Vt., speaks during Mayor Zohran Mamdani's inauguration ceremony, Thursday, Jan. 1, 2026, in New York. (AP Photo/Andres Kudacki)
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California Gov. Gavin Newsom speaks during his State of the State address Thursday, Jan. 8, 2026, in Sacramento, Calif. (AP Photo/Godofredo A. Vsquez)