California Gov. Gavin Newsom is proposing a federal minimum tax on billionaires and a national AI equity fund while opposing a billionaire tax on California’s November ballot. He says wealth taxes should be handled nationally and that AI gains should help support workers and public programs.
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California’s proposed billionaire wealth tax has qualified for the November ballot after supporters submitted enough signatures. Backers still have until June 25 to decide whether to proceed as opponents, including Gov. Gavin Newsom and major tech figures, mobilize against it.
Republican Steve Hilton will face Democrat Xavier Becerra in California’s November governor’s race after advancing from the state’s top-two primary. Becerra led with about 28% of the vote, followed by Hilton at 25%, with 88% of the expected vote counted.
Nithya Raman has narrowly overtaken Spencer Pratt for second place in the Los Angeles mayoral primary, positioning her for a possible runoff against Mayor Karen Bass. California’s slow ballot count also continues to shape the governor’s race, where Xavier Becerra has advanced and Steve Hilton leads for the second spot.
Trump defended a nearly $1.8 billion “anti-weaponization” fund and declined to rule out payments for Jan. 6 defendants charged with assaulting police. He also claimed without evidence that California elections were rigged as votes continued to be counted.
Xavier Becerra has advanced to the November election for California governor, while Steve Hilton and Tom Steyer remain in contention for the second slot. Millions of mail ballots are still being counted under California’s top-two primary system.
Key California primary races remained unresolved Friday, including the contest to replace Gov. Gavin Newsom and the race to determine Mayor Karen Bass’ November runoff opponent in Los Angeles. State officials said millions of ballots were still being processed and counted.
Republican Steve Hilton led California’s crowded governor primary with nearly 60% of ballots counted, while Democrats Xavier Becerra and Tom Steyer competed for the second runoff spot. Primaries in New Jersey, Iowa, New Mexico and other states also set up key 2026 midterm races.