California Governor Gavin Newsom is advocating for a national tax on billionaires. This proposal comes as Newsom is nearing the end of his term and considering a presidential run. Details about the proposed tax are limited, but it is known that Newsom is pushing for a national implementation.

For more information on Newsom's proposal and his stance on similar taxes in California, readers can visit the KPRC 2 website or Click2Houston for further details.