Gavin Newsom: “We have the highest tax rate for the 1%.”

“Let's talk about lowering those tax rates in those 16 states. How about the middle class, 40% of the middle class in Texas pay higher taxes than they do in California. We have the highest tax rate for the 1%. But the overall tax burden, and there's been independent analysis after independent analysis is marginally higher than the national average. So the tax rate for the 1%, you're in that bubble, but 99% empirically are not.” (37:22–37:26)

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.