Event Brief
Newsom pitches software tax to raise billions
Filed: May 14, 2026 at 4:07 PM ET
Summary: California Gov. Gavin Newsom proposes a tax on cloud-based software sales to raise billions in revenue.
WHO: Gavin Newsom
WHAT: Proposed a tax on cloud-based software sales to raise billions in state and local revenue
WHEN: May 14, 2026 at 3:21 PM ET
WHERE: California
WHY: To raise billions in state and local revenue
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