California Governor Gavin Newsom is advocating for a national tax on billionaires. This proposal was made on Friday, despite Newsom's opposition to a similar tax in his home state of California. Details about the proposed national tax are limited, but it is known that Newsom made the announcement as he considers a potential presidential run.

Further information on Newsom's proposal and his stance on taxation can be found through KPRC 2 Houston, which initially reported on the story.