California Governor Gavin Newsom Supports Measures on Taxes and Audits
Governor Gavin Newsom is advocating for significant measures that may affect taxation in California. He supports a proposal aimed at abolishing the billionaire tax and preventing future wealth taxes. In addition, two propositions have been introduced: Proposition 41 focuses on enhancing accountability and transparency by mandating independent audits of special tax programs, while Proposition 42 seeks to prohibit new state property taxes and declares certain property taxes illegal.
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