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Gavin Newsom: “The federal tax code, the corporate tax code and the…”

Featuring: Gavin Newsom, Democratic | Governor of California

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We Need a National Tax on Billionaires. Here's Why.

Published | Video Starts at 00:29

That's a five alarm fire. American wages have stood still and the costs cross the spectrum. Cost of living have skyrocketed. The system is fundamentally broken. 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. (00:29–00:38)

CLAIM

Asserts that current tax codes favor a specific group of Americans.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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