1 Trending: Democrats Have Alienated Normal Men. Now They’re Stuck With Graham Platners

2 Trending: Congress Went On Vacation Rather Than Pass The SAVE Act, Extend Planned Parenthood Defunding

3 Trending: If Anyone Can Birth An ‘American,’ Citizenship Means Nothing

4 Trending: Young Washington Gives Gen Z An Aspirational Hero For The Ages

What Does Newsom’s Wealth Tax Flip-Flop Portend For Single-Payer Health Care?

As soon as the deadline to keep the wealth tax off the November ballot passed, Newsom undertook a crafty pivot.

Share Article on Facebook

Share Article on Twitter

Share Article on Truth Social

Share Article via Email

Will one policy flip-flop beget another? That’s the question facing the governor of the nation’s largest state as he ponders his political future.

Gavin Newsom, D-French Laundry, who has opposed an initiative on the November ballot imposing a wealth tax in California, recently announced his support for passing a wealth tax nationwide. All this political straddling raises another obvious question: If — more like when — Newsom runs for president in 2028, what exactly will he do regarding single-payer health care?

November Ballot Measure

The California wealth tax initiative made it to the ballot due to efforts by the SEIU-Health Care Workers West. The ballot measure would impose a one-time, 5 percent tax on the net worth of California residents worth more than $1 billion, to help backfill the loss of federal revenue from the purported health care “cuts” Congress enacted last year.

The measure brings with it obvious drawbacks. As currently constituted, the initiative will only lead to a one-time fillip of funds for California. But the prospect that its passage will prompt supporters to seek its renewal has already prompted several wealthy Californians to move to other states, to avoid the potential tax should the initiative pass. 

California’s state budget is already highly dependent on........

© The Federalist