{"id":691,"date":"2026-06-27T05:07:19","date_gmt":"2026-06-27T05:07:19","guid":{"rendered":"https:\/\/blueroutejournal.com\/?p=691"},"modified":"2026-06-27T05:07:19","modified_gmt":"2026-06-27T05:07:19","slug":"gavin-newsom-takes-cowards-way-out-on-major-left-wing-demand","status":"publish","type":"post","link":"https:\/\/blueroutejournal.com\/?p=691","title":{"rendered":"Gavin Newsom Takes Coward\u2019s Way Out On Major Left-Wing Demand"},"content":{"rendered":"<div>\n<div>\n<p><span>Rather than risk his own state\u2019s economy by backing a California billionaire tax, Gavin Newsom tried to placate the socialists on Friday by backing a dead-end \u201cnational billionaire tax\u201d instead.\u00a0<\/span><\/p>\n<p>Read more <a href=\"https:\/\/blueroutejournal.com\/?p=689\">U.S. Attacks Iran After Regime Breaks Ceasefire<\/a><\/p>\n<p><span>On Monday, Newsom told the New York Times that he was working relentlessly behind the scenes to make sure the measure was not on the ballot in November.\u00a0<\/span><\/p>\n<p><span>\u201cThis will be defeated. There\u2019s no question in my mind,\u201d he <\/span><span>said<\/span><span>. \u201cI\u2019ll do what I have to do to protect the state.\u201d\u00a0<\/span><\/p>\n<p>By Friday, Newsom had failed to keep the measure off the ballot, leaving him to explain in a Substack post that a billionaire tax is a terrible idea for California, but a great idea for the country.<\/p>\n<div><iframe allowfullscreen=\"\" src=\"https:\/\/player.mux.com\/eq6H00ZpwJpvWo8n01kff01wayclUU4tjvh?metadata-video-content-type=embed_video&amp;metadata-video-id=332dcb3c-effb-469a-85a9-bf2c40a63025&amp;metadata-video-stream-type=on-demand&amp;metadata-video-title=2026-06-26%20Newsom%20Demands%20National%20Billionaires%20Tax&amp;poster=https%3A%2F%2Fdailywireplus-v2.imgix.net%2Fimages%2Fembedded-videos%2F99ede119-046b-420b-a774-fae29dc3a2ee.png&amp;autoplay=false&amp;accent-color=%23DB3D3B&amp;primary-color=%23ffffff&amp;secondary-color=%23000000\" style=\"aspect-ratio:16\/9;max-width:100%;width:100%;margin:20px auto 5px;border:0\"><\/iframe><\/p>\n<p>Credit: @GavinNewsom via X<\/p>\n<\/div>\n<p><span>\u201cThe fight to make the wealthiest Americans pay more in taxes is not one we should be fighting state by state. You may not be able to pick up and move to Texas or Florida to shelter your income from taxation, but I promise you that billionaires can, and do. Wealth is moveable, and it shops for the state with the lowest taxes.\u201d He <\/span><span>added<\/span><span>, \u201cThe fight belongs at the federal level, where this broken system was created in the first place.\u201d\u00a0<\/span><\/p>\n<p>A national billionaire tax would face steep political hurdles even under a Democratic president, making Newsom\u2019s endorsement largely symbolic given the bipartisan opposition such a measure would likely encounter. Newsom\u2019s symbolic proposal left neither supporters nor opponents of the billionaire tax satisfied.<\/p>\n<p>Read more <a href=\"https:\/\/blueroutejournal.com\/?p=688\">Ben Shapiro Reacts: Trump is BACK!<\/a><\/p>\n<p>Leftist influencer, Matt Bernstein, wrote, \u201cHe is kind of the politician of all time. Changes his view three times a week, transforms himself to please whoever he\u2019s speaking to, [with] no real aspirations besides power for himself.\u201d<\/p>\n<p><span>Trump\u2019s former AI Czar and California resident David Sacks <\/span><span>said<\/span><span> Newsom had yielded to the Democratic-Socialists. \u201cToday was the day that Gavin Newsom was supposed to save the tech industry by cutting a deal to kill the Billionaire Tax Act. Instead he came out as Democratic-Socialists of America adjacent, and the Billionaire Tax Act will be on the ballot in November.\u201d A billionaire himself, Sacks added, \u201cSee y\u2019all in Texas!\u201d<\/span><\/p>\n<p><span>Analysis from Newsom\u2019s Department of Finance found that a state billionaire tax for California could generate tens of billions of dollars for the state, but it could lead to hundreds of millions in continuing losses if billionaires flee the state. The California Billionaires Tax would be a one-time levy that would collect <\/span><span>5%<\/span><span> of a billionaire\u2019s net worth. The tax would be paid in installments over the next five years at a rate of 1% per year.\u00a0<\/span><\/p>\n<p><span>If the tax is passed in November, 90% of the newly-raised revenue would offset healthcare cuts that President Trump signed into law according to the labor group backing the tax, the Service Employees International Union-United Healthcare Workers West. The majority of revenue going to healthcare was another reason Newsom cited for voting against it. \u201c<\/span><span>This measure dedicates almost all of the revenue it raises to a single category of state spending,\u201d he said. \u201cIt ignores our public schools, as the California Teachers Association has rightly pointed out, by failing to provide sustainable funding that our communities, parents and children deserve.\u201d\u00a0<\/span><\/p>\n<p>Read more <a href=\"https:\/\/blueroutejournal.com\/?p=686\">Mamdani\u2019s Rent Freeze Is Just One Piece Of The Socialist Puzzle<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rather than risk his own state\u2019s economy by backing a California billionaire tax, Gavin Newsom tried to placate the socialists on Friday by backing a dead-end \u201cnational billionaire tax\u201d instead.\u00a0On Monday, Newsom told the New York Times that he was working relentlessly behind the scenes to make sure the measure was not on the ballot in November.\u00a0\u201cThis will be defeated. There\u2019s no question in my mind,\u201d he said. \u201cI\u2019ll do what I have to do to protect the state.\u201d\u00a0By Friday, Newsom had failed to keep the measure off the ballot, leaving him to explain in a Substack post that a billionaire tax is a terrible idea for California, but a great idea for the country.Credit: @GavinNewsom via X \u201cThe fight to make the wealthiest Americans pay more in taxes is not one we should be fighting state by state. You may not be able to pick up and move to Texas or Florida to shelter your income from taxation, but I promise you that billionaires can, and do. Wealth is moveable, and it shops for the state with the lowest taxes.\u201d He added, \u201cThe fight belongs at the federal level, where this broken system was created in the first place.\u201d\u00a0A national billionaire tax would face steep political hurdles even under a Democratic president, making Newsom\u2019s endorsement largely symbolic given the bipartisan opposition such a measure would likely encounter. Newsom\u2019s symbolic proposal left neither supporters nor opponents of the billionaire tax satisfied.Leftist influencer, Matt Bernstein, wrote, \u201cHe is kind of the politician of all time. Changes his view three times a week, transforms himself to please whoever he\u2019s speaking to, [with] no real aspirations besides power for himself.\u201dTrump\u2019s former AI Czar and California resident David Sacks said Newsom had yielded to the Democratic-Socialists. \u201cToday was the day that Gavin Newsom was supposed to save the tech industry by cutting a deal to kill the Billionaire Tax Act. Instead he came out as Democratic-Socialists of America adjacent, and the Billionaire Tax Act will be on the ballot in November.\u201d A billionaire himself, Sacks added, \u201cSee y\u2019all in Texas!\u201dAnalysis from Newsom\u2019s Department of Finance found that a state billionaire tax for California could generate tens of billions of dollars for the state, but it could lead to hundreds of millions in continuing losses if billionaires flee the state. The California Billionaires Tax would be a one-time levy that would collect 5% of a billionaire\u2019s net worth. The tax would be paid in installments over the next five years at a rate of 1% per year.\u00a0If the tax is passed in November, 90% of the newly-raised revenue would offset healthcare cuts that President Trump signed into law according to the labor group backing the tax, the Service Employees International Union-United Healthcare Workers West. The majority of revenue going to healthcare was another reason Newsom cited for voting against it. \u201cThis measure dedicates almost all of the revenue it raises to a single category of state spending,\u201d he said. \u201cIt ignores our public schools, as the California Teachers Association has rightly pointed out, by failing to provide sustainable funding that our communities, parents and children deserve.\u201d\u00a0<\/p>\n","protected":false},"author":1,"featured_media":690,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gavin Newsom Takes Coward\u2019s Way Out On Major Left-Wing Demand - Blue Route Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blueroutejournal.com\/?p=691\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gavin Newsom Takes Coward\u2019s Way Out On Major Left-Wing Demand - Blue Route Journal\" \/>\n<meta property=\"og:description\" content=\"Rather than risk his own state\u2019s economy by backing a California billionaire tax, Gavin Newsom tried to placate the socialists on Friday by backing a dead-end \u201cnational billionaire tax\u201d instead.\u00a0On Monday, Newsom told the New York Times that he was working relentlessly behind the scenes to make sure the measure was not on the ballot in November.\u00a0\u201cThis will be defeated. There\u2019s no question in my mind,\u201d he said. \u201cI\u2019ll do what I have to do to protect the state.\u201d\u00a0By Friday, Newsom had failed to keep the measure off the ballot, leaving him to explain in a Substack post that a billionaire tax is a terrible idea for California, but a great idea for the country.Credit: @GavinNewsom via X \u201cThe fight to make the wealthiest Americans pay more in taxes is not one we should be fighting state by state. You may not be able to pick up and move to Texas or Florida to shelter your income from taxation, but I promise you that billionaires can, and do. Wealth is moveable, and it shops for the state with the lowest taxes.\u201d He added, \u201cThe fight belongs at the federal level, where this broken system was created in the first place.\u201d\u00a0A national billionaire tax would face steep political hurdles even under a Democratic president, making Newsom\u2019s endorsement largely symbolic given the bipartisan opposition such a measure would likely encounter. Newsom\u2019s symbolic proposal left neither supporters nor opponents of the billionaire tax satisfied.Leftist influencer, Matt Bernstein, wrote, \u201cHe is kind of the politician of all time. Changes his view three times a week, transforms himself to please whoever he\u2019s speaking to, [with] no real aspirations besides power for himself.\u201dTrump\u2019s former AI Czar and California resident David Sacks said Newsom had yielded to the Democratic-Socialists. \u201cToday was the day that Gavin Newsom was supposed to save the tech industry by cutting a deal to kill the Billionaire Tax Act. Instead he came out as Democratic-Socialists of America adjacent, and the Billionaire Tax Act will be on the ballot in November.\u201d A billionaire himself, Sacks added, \u201cSee y\u2019all in Texas!\u201dAnalysis from Newsom\u2019s Department of Finance found that a state billionaire tax for California could generate tens of billions of dollars for the state, but it could lead to hundreds of millions in continuing losses if billionaires flee the state. The California Billionaires Tax would be a one-time levy that would collect 5% of a billionaire\u2019s net worth. The tax would be paid in installments over the next five years at a rate of 1% per year.\u00a0If the tax is passed in November, 90% of the newly-raised revenue would offset healthcare cuts that President Trump signed into law according to the labor group backing the tax, the Service Employees International Union-United Healthcare Workers West. The majority of revenue going to healthcare was another reason Newsom cited for voting against it. \u201cThis measure dedicates almost all of the revenue it raises to a single category of state spending,\u201d he said. \u201cIt ignores our public schools, as the California Teachers Association has rightly pointed out, by failing to provide sustainable funding that our communities, parents and children deserve.\u201d\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blueroutejournal.com\/?p=691\" \/>\n<meta property=\"og:site_name\" content=\"Blue Route Journal\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-27T05:07:19+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=691#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=691\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/#\\\/schema\\\/person\\\/19da116f8d79cf8987781569801c6b7c\"},\"headline\":\"Gavin Newsom Takes Coward\u2019s Way Out On Major Left-Wing Demand\",\"datePublished\":\"2026-06-27T05:07:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=691\"},\"wordCount\":580,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=691#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blueroutejournal.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/7be1a79c3eca54174c823f85df5aa01e.avif\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blueroutejournal.com\\\/?p=691#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=691\",\"url\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=691\",\"name\":\"Gavin Newsom Takes Coward\u2019s Way Out On Major Left-Wing Demand - 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There\u2019s no question in my mind,\u201d he said. \u201cI\u2019ll do what I have to do to protect the state.\u201d\u00a0By Friday, Newsom had failed to keep the measure off the ballot, leaving him to explain in a Substack post that a billionaire tax is a terrible idea for California, but a great idea for the country.Credit: @GavinNewsom via X \u201cThe fight to make the wealthiest Americans pay more in taxes is not one we should be fighting state by state. You may not be able to pick up and move to Texas or Florida to shelter your income from taxation, but I promise you that billionaires can, and do. Wealth is moveable, and it shops for the state with the lowest taxes.\u201d He added, \u201cThe fight belongs at the federal level, where this broken system was created in the first place.\u201d\u00a0A national billionaire tax would face steep political hurdles even under a Democratic president, making Newsom\u2019s endorsement largely symbolic given the bipartisan opposition such a measure would likely encounter. Newsom\u2019s symbolic proposal left neither supporters nor opponents of the billionaire tax satisfied.Leftist influencer, Matt Bernstein, wrote, \u201cHe is kind of the politician of all time. Changes his view three times a week, transforms himself to please whoever he\u2019s speaking to, [with] no real aspirations besides power for himself.\u201dTrump\u2019s former AI Czar and California resident David Sacks said Newsom had yielded to the Democratic-Socialists. \u201cToday was the day that Gavin Newsom was supposed to save the tech industry by cutting a deal to kill the Billionaire Tax Act. Instead he came out as Democratic-Socialists of America adjacent, and the Billionaire Tax Act will be on the ballot in November.\u201d A billionaire himself, Sacks added, \u201cSee y\u2019all in Texas!\u201dAnalysis from Newsom\u2019s Department of Finance found that a state billionaire tax for California could generate tens of billions of dollars for the state, but it could lead to hundreds of millions in continuing losses if billionaires flee the state. The California Billionaires Tax would be a one-time levy that would collect 5% of a billionaire\u2019s net worth. The tax would be paid in installments over the next five years at a rate of 1% per year.\u00a0If the tax is passed in November, 90% of the newly-raised revenue would offset healthcare cuts that President Trump signed into law according to the labor group backing the tax, the Service Employees International Union-United Healthcare Workers West. The majority of revenue going to healthcare was another reason Newsom cited for voting against it. \u201cThis measure dedicates almost all of the revenue it raises to a single category of state spending,\u201d he said. \u201cIt ignores our public schools, as the California Teachers Association has rightly pointed out, by failing to provide sustainable funding that our communities, parents and children deserve.\u201d\u00a0","og_url":"https:\/\/blueroutejournal.com\/?p=691","og_site_name":"Blue Route Journal","article_published_time":"2026-06-27T05:07:19+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blueroutejournal.com\/?p=691#article","isPartOf":{"@id":"https:\/\/blueroutejournal.com\/?p=691"},"author":{"name":"admin","@id":"https:\/\/blueroutejournal.com\/#\/schema\/person\/19da116f8d79cf8987781569801c6b7c"},"headline":"Gavin Newsom Takes Coward\u2019s Way Out On Major Left-Wing Demand","datePublished":"2026-06-27T05:07:19+00:00","mainEntityOfPage":{"@id":"https:\/\/blueroutejournal.com\/?p=691"},"wordCount":580,"commentCount":0,"image":{"@id":"https:\/\/blueroutejournal.com\/?p=691#primaryimage"},"thumbnailUrl":"https:\/\/blueroutejournal.com\/wp-content\/uploads\/2026\/06\/7be1a79c3eca54174c823f85df5aa01e.avif","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blueroutejournal.com\/?p=691#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blueroutejournal.com\/?p=691","url":"https:\/\/blueroutejournal.com\/?p=691","name":"Gavin Newsom Takes Coward\u2019s Way Out On Major Left-Wing Demand - 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