But the governor reserved some extra animus for the Wall Street Journal, a day after the publication ran an editorial — led by Newsom’s photo — on a wealth tax bill that’s set to have its first legislative hearing on Wednesday. It’s not truth-seekers, it’s ideological warriors.”The Wall Street Journal’s editorial board through a spokesperson for Dow Jones, the paper’s publisher, declined to comment. Despite his record of fiscal centrism and general wariness of tax hikes, Newsom could be tied to California’s more progressive proposals during a national campaign. Wealth tax bills have gone nowhere in Sacramento despite Democrats wielding two-thirds margins that enable them to pass taxes without Republican support. The state already has a highly volatile tax structure that is largely dependent on the revenue from wealthy residents.

Source: Wall Street Journal January 11, 2024 01:15 UTC