California Governor Gavin Newsom is advocating for a national tax on billionaires. This proposal was made on Friday. Newsom, a Democrat, is nearing the end of his term and is considering a presidential run.

Details about the proposed tax are limited, but it is known that Newsom is pushing for the measure at the national level. Further information on Newsom's proposal and his efforts can be found through KSAT 12, a local ABC affiliate.