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

“States like Texas and Florida, the most regressive tax structures, they tax their lowest wage earners more than we tax our highest wage earners. They are the high tax states. We have the highest tax rate for the 1%. But for working folks and middle class, it's a very different tax structure. That's the approach we promote. That's the approach that we advance in our state.” (26:43–26:46)

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.