MICHAEL R. BLOOD Associated Press, MICHAEL LIEDTKE Associated Press

Articles by MICHAEL R. BLOOD Associated Press, MICHAEL LIEDTKE Associated Press

Proposed billionaires' tax in California rattles Silicon Valley, entangles Gov. Newsom - ABC News

Business January 15, 2026

LOS ANGELES -- A proposed billionaires' tax in California has ignited a political uproar in Silicon Valley, with tech titans threatening to leave the state while Democratic Gov. Gavin Newsom maneuver�...