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Gavin Newsom: “California has the most progressive tax structure in the…”

Featuring: Gavin Newsom, Democratic | Governor of California

California Governor Gavin Newsom | Bloomberg Newsmaker Event

Published January 30, 2026 | Video Starts at 29:28

So what do we. What do we. If not asking the richest among us to pay? What do we do? Well, we do. California has the most progressive tax structure in the United States of America. There are billionaires who are sitting on equity, who don't sell it. We have billionaires that are paying those progressive taxes. We have the highest progressive tax rate in the United States of America. (29:28–29:32)

CLAIM

Asserts that California has the most progressive tax structure in the U.S.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Gavin Newsom

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