Union boss behind billionaire tax unloads on Gavin Newsom in rare interview
Key Points:
- Dave Regan, president of SEIU-United Healthcare Workers West, sharply criticized Governor Gavin Newsom for opposing California’s proposed billionaire tax, accusing him of prioritizing the interests of the ultra-rich due to potential 2028 presidential ambitions.
- Regan suggested Newsom’s need to raise substantial campaign funds from wealthy donors could undermine Democrats nationally and risk empowering far-right populists like “Donald Trump’s protege.”
- Newsom opposes the one-time 5% tax on billionaires, citing concerns about economic harm and billionaire exodus, and has worked to rally unions and allies against the measure, which qualified for the November ballot but could still be withdrawn.
- Supporters argue the tax revenue is crucial to offset federal healthcare cuts, while Newsom’s office contends the proposal would defund essential public services like education and safety.
- If the measure proceeds to a vote, a costly campaign battle is expected, with billionaires such as Sergey Brin already funding opposition efforts.