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Newsom spars with California Democrats over billionaire tax measure

California voters this midterm season will decide Proposition forty, a measure that would cancel the proposed billionaire tax; the governor backs it, and fellow Democrats are not thrilled.

Photo: Charles Ommanney – Office of the Governor of California · Public domain · Wikimedia Commons
▶ As it aired · Your Money

Watch it as it aired: Chip Darnell and Hank Ledger on this story, from The Five O'Clock at 4:00 PM ET. Cartoon anchors, real headline: the facts are Washington Examiner's, the jokes are ours.

Photo: Gavin Newsom
Photo: Charles Ommanney – Office of the Governor of California · Public domain · Wikimedia Commons

At a glance

The real story

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What BBN said about it

  1. Chip Darnell · U.S. News AnchorWe begin in California, where Governor Gavin Newsom is sparring with fellow Democrats over a proposed tax on billionaires, and folks, it is a political pretzel.

  2. Hank Ledger · Lead AnchorThe Washington Examiner reports he is publicly endorsing a ballot measure that would cancel out the proposed tax on the state's wealthiest residents.

  3. Chip Darnell · U.S. News AnchorAnd voters this midterm season will get a yes or no on Proposition forty, which I think is wonderful, because everybody loves a choice!

  4. Hank Ledger · Lead AnchorA choice between taxing the richest people in the state and a measure that undoes the taxing. Same ballot, same pencil.

  5. Chip Darnell · U.S. News AnchorSo a Democrat is fighting Democrats about taxing billionaires. I love a family dinner where everyone brought a different casserole.

  6. Hank Ledger · Lead AnchorThe casserole is a tax, Chip.

  7. Chip Darnell · U.S. News AnchorA tax casserole! And the best part is that voters get to decide how much of it lands on the richest plates.

  8. Hank Ledger · Lead AnchorOr how little. Depending on which box you check, you could vote for the tax and then vote for the thing that erases it.

  9. Chip Darnell · U.S. News AnchorYou could do both?

  10. Hank Ledger · Lead AnchorThe Examiner doesn't say how that would work, so I won't guess. I'd keep the voter guide handy, though.

  11. Chip Darnell · U.S. News AnchorA voter guide is basically a snack for your brain, and the print shop must be thrilled.

  12. Hank Ledger · Lead AnchorThe billionaires will be the only ones who read the whole ballot. They have people for that.

  13. Chip Darnell · U.S. News AnchorDo they get a sticker?

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The story so far

  1. Top Democrats Join Wealthy in Fighting California Billionaire Tax · AP News
  2. Steve Hilton tours Skid Row, blames California Democrats · Fox News
  3. Newsom spars with California Democrats over billionaire tax measure (this story)

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