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Gavin Newsom: “You've been pretty critical about the proposed tax, the…”

Featuring: Gavin Newsom, Democratic | Governor of California

And, This is Steve Bannon | This is Gavin Newsom

Published March 12, 2025 | Video Starts at 07:10

… points of contrast with you and frankly Trump himself right now is on some of the issues of tax policy in relationship, this notion of who are you for and You've been pretty critical about the proposed tax, the extension of the existing tax cuts that disproportionately favor the wealthiest. And you are making the point that it should disproportionately focus on the middle class and work. You know, Governor, I'm not so sure. Let me get there. (07:10–07:20)

CLAIM

Asserts criticism of proposed tax cuts that favor the wealthiest.

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Gavin Newsom

“Biden tripled tariffs on aluminum and steel, of course, is getting a lot of attention in this country today as it relates to Canada, and…”
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“Another $8.4 trillion went to the debt under [the] Trump administration.”
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“That's $1.3 billion small ball, but it's symbolic and subsidy. What about the $3 billion in oil gas subsidies?”
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“I say that as governor of the largest manufacturing state in America, a state that has more corporate headquarters... than any other state…”
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“His current proposal doesn't add up then in that respect blows the deficit and continues those corporate tax cuts and continues the tax cuts…”
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“It's 3 trillion even before COVID hit.”
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“Moderate the income taxes for middle class working folks.”
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“We doubled another 25% back to aluminum steel.”
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“On tariff policy, it seems a little chaotic. There's no stability. The markets are reflecting that.”
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“It had nothing to do with the tyrannical nature of a Prime Minister or 51st Governor of America, Justin Trudeau's policies.”
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“You mean with all the uncertainty, the market uncertainty, the Trump slump, all of the stress and the anxiety that people are feeling.”
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“The industrial policies of the Biden administration, as it relates to the infrastructure bill, aspects of the IRA, aspects of the Chips and…”
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“There was record investments in coming back during the [Biden administration].”
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“Why does [President Trump] go after the carried interest? Why is he going after corporate subsidies?”
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“California did [create this market]. It was our regulatory process and our subsidies to create this market.”
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“He's been the beneficiary of billions and billions and billions of dollars.”
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“That's why this tax cuts, extending the tax cuts, it's reckless in this respect.”
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“By definition, that substantially increases the problem.”
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“You want to see it increased on corporations in the 1%.”
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“I don't know what more evidence you guys need of Mother Nature's fury than we've had in the last year.”
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