Gavin Newsom: “I'm opposed to [the wealth tax]. It's already had, I think…”

“… the ballot, a proposal that has never gotten through the legislature and a proposal that likely, if it did get on the ballot, will this. Would you campaign against it? I'm opposed to [the wealth tax]. It's already had, I think, a very negative impact on the state. and it's a badly drafted initiative again, that literally takes teachers and takes our educational system out of any consideration of support and impacts other parts of our general fund.” (27:47–27:52)

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.