Newsom targeted in ads over California billionaire tax
By The BriefBrief
Backers of a California wealth-tax plan are funding ads criticizing Gov. Gavin Newsom for opposing Proposition 40, a ballot measure that would impose a 5% tax on California billionaires’ assets. The ads target early presidential primary states. California voters are due to decide on the measure.
WHO:Backers of the wealth-tax plan
WHAT:They funded ads criticizing California Gov. Gavin Newsom for opposing Proposition 40.
WHEN:Reported Oct 23, 2026 at 7:11 PM ET
WHERE:California, USA
WHY:The ads criticize Newsom because he opposes Proposition 40, which would impose a 5% tax on California billionaires’ assets.
Reporting from 2 identified publishers across this event arc.
