Gavin Newsom won the argument on California’s proposed wealth tax. He could still face a fight over it

California’s proposed one-time tax on billionaires has collapsed, despite the state’s Democratic political climate and a strong election showing for progressives. The outcome is a setback for advocates including Sen. Bernie Sanders and California Rep. Ro Khanna. Gov. Gavin Newsom prevailed in the argument over the measure, though the debate over taxing the state’s wealthiest residents could continue.