California Gov. Gavin Newsom called for a national tax on the wealthiest Americans and a federal public-equity fund tied to artificial intelligence, while saying he will vote against a California ballot measure that would impose a one-time 5% tax on billionaires in the state. Newsom framed his federal plan as a minimum tax on billionaires so they pay at least the same tax rate as their own workers, and he argued the issue should be handled nationally rather than state by state. The California...

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