California Gov. Gavin Newsom doubles down on his criticism of the proposed billionaire wealth tax

As the push for a new billionaire tax takes center stage in the Golden State, Governor Gavin Newsom is not relenting in his criticism of the proposed ballot initiative.

In an interview with Bloomberg Businessweek last Thursday, Newsom said the tax could end up hurting the state in the long term. 

“The fact is it actually will reduce investments in education,” he said. “It will reduce investments in teachers and librarians, childcare. It will reduce investments in firefighting...