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Gavin Newsom: “It's already had, I think, a very negative impact on the…”

Featuring: Gavin Newsom, Democratic | Governor of California

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California Governor Gavin Newsom speaks at the World Economic Forum 2026 | DW News

Published | Video Starts at 27:23

… that has never gotten through the legislature, and a proposal that likely, if it did get on the ballot, we'll lose. Would you campaign against it? I'm opposed to it. 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. (27:23–27:27)

CLAIM

Asserts that the proposed wealth tax has already negatively impacted California.

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