If Newsom actually wanted this tax in any form, he’d support the current California version, and advocate for a carve-out exception for those already taxed previously under California’s version from the future Federal version.
Instead, he’s trying to torpedo the California one that actually has a chance at being implement.
This looks like Newsom is acting in bad faith.
If Newsom actually wanted this tax in any form, he’d support the current California version, and advocate for a carve-out exception for those already taxed previously under California’s version from the future Federal version.
Instead, he’s trying to torpedo the California one that actually has a chance at being implement.