Newsom’s California Tax Whopper
null By The Editorial BoardDec. 1, 2023 6:31 pm ETJournal Editorial Report: Despite denials, the California governor is acting like a candidate. Images: AP/Composite: Mark KellyThursday night’s debate on Fox News between Gavin Newsom and Ron DeSantis was instructive on many levels. While the Florida Governor stressed his superior record on crime, schools and the economy, Mr. Newsom focused on progressive cultural themes. But one of Mr. Newsom’s economic howlers shouldn’t pass without contradiction.The Governor proudly defended his state’s progressive income tax that imposes a top rate of 13.3% on taxpayers making more than $1 million—the second highest in the country after New York City. But he also asserted that Florida “taxes low-income workers more than we tax millionaires and billionaires in the state of California.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersTurboTax: Save up to $15 with TurboTax coupon 2023The M
Dec. 1, 2023 6:31 pm ET
Thursday night’s debate on Fox News between Gavin Newsom and Ron DeSantis was instructive on many levels. While the Florida Governor stressed his superior record on crime, schools and the economy, Mr. Newsom focused on progressive cultural themes. But one of Mr. Newsom’s economic howlers shouldn’t pass without contradiction.
The Governor proudly defended his state’s progressive income tax that imposes a top rate of 13.3% on taxpayers making more than $1 million—the second highest in the country after New York City. But he also asserted that Florida “taxes low-income workers more than we tax millionaires and billionaires in the state of California.”
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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