California Governor Gavin Newsom has announced his support for a national billionaires' tax. This move comes as he is expected to run for the White House. Newsom's stance on the issue is complex, as he opposes a similar tax in his home state of California.

A ballot measure in California aims to implement a billionaires' tax, but Newsom is against it. Further details on Newsom's proposal and his reasoning behind the differing stances on the state and national levels are available from KTSM 9 News.