California Gov. 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 notable because he opposes a similar tax in California. A ballot measure in the state would implement a billionaires' tax, but Newsom has reaffirmed his opposition to it. Further details on Newsom's position and the implications of his announcement are available from local news sources, including KRON4.