Gov. Gavin Newsom vowed to stop California's billionaire tax. He has just over a week left to keep it off the ballot.

With just over a week left, Gov. Gavin Newsom is making a final push to prevent a proposed billionaire tax from appearing on California's November ballot. This tax, aimed at levying a higher rate on those with fortunes over $50 million, has sparked debate over wealth redistribution and state revenue. Newsom argues that the measure lacks sufficient legislative backing and could undermine the state's fiscal stability. The outcome will shape discussions around wealth taxation and its implications for California's economic landscape.