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Stockreport

Newsom says California wealth tax 'really damaging' as billionaires move money, businesses out of state [FOX Business Network]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: FOX Business Network
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
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Newsom said he feels vindicated in opposing the proposed wealth tax after reports showed some of California's wealthiest residents moving money and businesses out of the state, warning the measure would damage the economy and drive away investment. "This is my fear," Newsom said in a POLITICO interview on Monday. "It's just what I warned against. It's happening." "The evidence is in. The impacts are very real — not just substantive economic impacts in terms of the revenue, but start-ups, the indirect impacts of … people questioning long-term commitments, medium-term commitments," he continued. "That's not what we need right now, at a time of so much uncertainty. Quite the contrary." While the initiative has not yet qualified for the November 2026 ballot, the proposed measure — backed by the Service Employees International Union–United Healthcare Workers West — would impose a one-time 5% tax on the net worth of California residents with assets exceeding $1 billion. The tax would [Read more]
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Stockreport

Newsom says California wealth tax 'really damaging' as billionaires move money, businesses out of state [FOX Business Network]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: FOX Business Network
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Newsom said he feels vindicated in opposing the proposed wealth tax after reports showed some of California's wealthiest residents moving money and businesses out of the state, warning the measure would damage the economy and drive away investment. "This is my fear," Newsom said in a POLITICO interview on Monday. "It's just what I warned against. It's happening." "The evidence is in. The impacts are very real — not just substantive economic impacts in terms of the revenue, but start-ups, the indirect impacts of … people questioning long-term commitments, medium-term commitments," he continued. "That's not what we need right now, at a time of so much uncertainty. Quite the contrary." While the initiative has not yet qualified for the November 2026 ballot, the proposed measure — backed by the Service Employees International Union–United Healthcare Workers West — would impose a one-time 5% tax on the net worth of California residents with assets exceeding $1 billion. The tax would [Read more]
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