Newsom's final years include $14B tax hike

California lawmakers and Governor Gavin Newsom have approved measures that will increase taxes and fees by an estimated $14.3 billion annually. These tax hikes, part of the 2025-26 legislative session, include new levies on digital software sales and health plans, which are projected to generate most of the revenue. The additional costs are expected to further strain California households amid ongoing affordability issues.

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