Backers of a wealth-tax plan funded an ad criticizing California Gov. Gavin Newsom for opposing Proposition 40, a ballot measure that would impose a 5% tax on California billionaires’ assets. The ad is aimed at voters in early presidential primary states.
WHO:Backers of the wealth-tax plan
WHAT:Funded an ad criticizing Gavin Newsom for opposing Proposition 40.
WHEN:Reported Oct 23, 2026 at 11:00 AM ET
WHERE:USA
WHY:The ad criticized Newsom because he opposed Proposition 40, which would impose a 5% tax on California billionaires’ assets.
Reporting from 1 identified publisher for this event.
