On Friday, Gov.
Gavin Newsom's (D-Calif.) call for a national billionaire tax sparked a public clash with Tesla Inc.
(NASDAQ:TSLA) and Space Exploration Technologies Corp.
(NASDAQ:SPCX) CEO Elon Musk, adding fuel to an increasingly heated debate over wealth taxes, Silicon Valley and the Democratic Party's economic agenda.
Gavin Newsom Unveils 'Economic Reset' Centered On Billionaire Tax Newsom, who is widely viewed as a potential Democratic contender for the 2028 presidential election, on Friday proposed what he described as an "economic reset for America" in a Substack post and accompanying video.
