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Gavin Newsom: “We've been a lot of headlines of folks that have moved…”

Featuring: Gavin Newsom, Democratic | Governor of California

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Gavin Newsom: California's Housing Crisis Is Its Original Sin

Published | Video Starts at 14:52

Speaking of taxes and tax credits, your thoughts on the wealth tax, which is getting a lot of press, you came out against it, correct? Yeah. State driven wealth tax capital moves. And we've seen that. It's not anecdotal. We've been a lot of headlines of folks that have moved outside of the state of California that are no longer taxpayers. investing in this state, generating hundreds of millions of dollars a year, quite literally, in the case of the three or four major figures that we know have left the state. (14:52–14:58)

CLAIM

Asserts that several high-profile individuals have moved out of California and are no longer taxpayers there.

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.


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