Why Is Newsom Fighting California’s Billionaire Tax?

California voters are poised to vote on a one-time billionaire tax that would fund schools, food assistance, and Medicaid. Silicon Valley is spending big to keep the precedent-setting initiative off the November ballot, but the campaign's most powerful opponent isn’t a tech oligarch — it’s California Gov. Gavin Newsom, the Democratic power broker and potential presidential candidate.  Today on Lever Time, David Sirota sits down with Dave Regan, the union leader who engineered the billionaire tax, to find out why Newsom and his allies are racing to kill the measure — and what this fight reveals about oligarchs’ control of the Democratic Party. Get ad-free episodes, bonus content and extended interviews by becoming a member at ⁠levernews.com/join⁠. To leave a tip for The Lever, ⁠click here⁠. It helps us do this kind of independent journalism. Learn more about your ad choices. Visit megaphone.fm/adchoices