{"id":371677,"date":"2026-06-23T17:06:13","date_gmt":"2026-06-23T17:06:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/371677\/"},"modified":"2026-06-23T17:06:13","modified_gmt":"2026-06-23T17:06:13","slug":"gov-newsom-opposes-proposed-california-wealth-tax","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/371677\/","title":{"rendered":"Gov. Newsom opposes proposed California wealth tax"},"content":{"rendered":"<p class=\"dek\">\n              Fox Business&#8217; Kelly Saberi reports on California&#8217;s proposed wealth tax, where proponents offer to reduce the rate from 5% to 2%. Gov. Gavin Newsom rejects any wealth tax, citing concerns about defunding public services.\n            <\/p>\n<p class=\"dek long-dek\">California wealth tax backers propose reducing the rate from 5% to 2%, but Governor Gavin Newsom firmly opposes any wealth tax, arguing it would defund teachers, schools, clinics, and public safety. FOX Business&#8217; Kelly Saberi reports on differing revenue estimates, with the Hoover Institution predicting a net negative impact of $24.7 billion. This debate over &#8216;socialist policies&#8217; highlights the economic challenges facing blue states.<\/p>\n","protected":false},"excerpt":{"rendered":"Fox Business&#8217; Kelly Saberi reports on California&#8217;s proposed wealth tax, where proponents offer to reduce the rate from&hellip;\n","protected":false},"author":2,"featured_media":371678,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8],"class_list":["post-371677","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/371677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=371677"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/371677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/371678"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=371677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=371677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=371677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}