The Democratic 2028 Presidential nomination front runner has a budget to balance before he goes out the door at the end of 2026…
Thge Republican President and Congress is NOT gonna help out things with Trump and Newsom at each other’s political throat’s….
Does Newsom ask his lawmakers to increase taxes to balance a California budget hole in the Billions?
Would THAT lose votes with the weak economy worries already?
Does he make cuts a la’ Trump?
It’s an effort to stabilize a projected multi-billion dollar state budget deficit that could be exacerbated by federal cuts. But it also amounts to a massive early test for Newsom’s likely presidential campaign. If he holds the line on taxes, he risks alienating unions and progressive allies who form the backbone of the Democratic electorate. If he doesn’t, he risks reinforcing the Republican caricature of him as a California tax-and-spend liberal, and driving away moderate voters and the titans of California industry who have supported Newsom since he first entered politics.
“If he decides to run for president, he can say California has a really strong economy, in many ways it’s the envy of the country,” said Jim Wunderman, a Newsom ally who has run an influential Bay Area business coalition, and that “as governor I held the line many times under great pressure to raise taxes, which should give some comfort to voters that as president he’s not just going to willy-nilly raise taxes.”
But with Newsom’s presidential ambitions openly discussed from the corridors of Sacramento to the C Suites of Silicon Valley, the left is making the opposite argument: This is Newsom’s chance to side with working-class Californians — some of whom drifted last election to Trump — against a Republican administration whose economic policies have benefited the wealthiest Americans….
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Newsom loves to tout California’s economic prowess, trumpeting its massive GDP and globally influential industries like tech and entertainment. Union leaders argue that leaving the state without sufficient money for the programs Newsom has launched and expanded — including universal health insuranceand early childhood education and a $25 health care wage — would undermine his pitch that California, and by extension his leadership, should be a national model.
“He wants to be able to tell a story, and right now the budget is getting in the way of telling that story, so he has to find more revenue,” said a labor official who was granted anonymity to discuss political dynamics. “He’s got to do something, especially if he wants to be president.”…
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Newsom, people around him say, is determined to leave California with a balanced budget. He knows many voters outside the state would be wary of a San Francisco Democrat, and leaving California’s budget in fragile shape could open him to attacks from 2028 rivals or from the next governor, who could pin a deficit on the mess Newsom left behind.
“There’s going to be two years between the end of (Newsom’s) term as governor and potentially running for president,” said Jeff Freitas, head of the California Federation of Teachers. “California has to be successful in those two years.”….
Note….
State budgets ARE the Governor’s to create….
Not like the US Congress , who does it, to present to the President….
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