Economy

Dem governors cool on millionaire taxes

California Gov. Gavin Newsom has emerged as an opponent of a billionaire’s tax.
California Gov. Gavin Newsom (D) (AP Foto/José Luis Villegas, archivo)

Democratic state lawmakers and powerful liberal interest groups are advancing proposals to raise new taxes on the highest income earners, hoping to raise billions for spending projects and to cover revenue shortfalls.

But in some of the bluest states in America, those lawmakers are running into unexpected hurdles: Governors from their own party.

Stay informed
Subscribe to keep reading.

Sign up today to get the latest state new at your fingertips and in your inbox.