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Gavin Newsom: “A true minimum tax on billionaires that ensures the people…”

Featuring: Gavin Newsom, Democratic | Governor of California

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CA Gov. Gavin Newsom Proposes Nationwide Billionaire Tax After Opposing It In His Own State

Published | Video Starts at 00:41

The federal tax code, the corporate tax code and the inheritance tax code seem to be written for a different set of Americans. It's time for an economic reset. A true minimum tax. A true minimum tax on billionaires that ensures the people at the very top pay at least the tax rate their own workers pay. We also should end this tax free lifestyle loan. This is the gimmick that allows the ultra wealthy to borrow against their stock portfolios while reporting no taxable income. (00:41–00:49)

CLAIM

Proposes a minimum tax on billionaires to ensure they pay at least the same rate as their workers.

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