NRT briefing
Mark Ruffalo calls Gavin Newsom's billionaire tax stance 'disqualifying' ahead of California vote
Based on reporting by Fox Business.
The Brief
Actor Mark Ruffalo criticized California Gov. Gavin Newsom over his opposition to a proposed billionaire wealth tax, calling Newsom's stance "disqualifying" for higher office. In a post on X, Ruffalo accused the governor of siding with wealthy interests over working families. He wrote that it is "disqualifying" to fight against taxing billionaires while children lack health insurance and the cost of living is high.
Ruffalo's comments come ahead of California's vote on Proposition 40, a ballot initiative that would impose a one-time 5% tax on the net worth of billionaires who were California residents on Jan. 1, 2026. Newsom opposes that measure and supports Proposition 42, which would prohibit new state taxes on financial assets and certain retroactive taxes, potentially blocking Proposition 40.
Ruffalo made his remarks while reposting criticism from Rep. Ro Khanna, a supporter of the wealth tax. He also said the people need a "real, bona fide champion" who is tough on economic imbalances, and he accused Newsom of repeatedly prioritizing corporate interests. FOX Business reached out to Newsom's office for comment.
NRT commentary
How We See It
Ruffalo's criticism highlights a real tension in the Democratic Party over how to address wealth inequality. While his frustration may appeal to progressives, Newsom's opposition to Proposition 40 may be a pragmatic response to the risk of driving billionaires out of California, a concern raised by entrepreneur Eric Schiffer, who warned of a "giant sucking sound" of business exits.
Supporting Proposition 42 could be seen as an attempt to prevent a measure that might harm the state's economy. However, the optics of opposing a tax on billionaires while many residents struggle with costs could be a political liability for a governor with presidential ambitions.
The outcome of the vote will indicate whether California voters prefer the symbolic appeal of a wealth tax or the practical concerns of economic retention.
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