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What is the "buy, borrow, die" tax strategy Gavin Newsom wants to ban?

What is the "buy, borrow, die" tax strategy Gavin Newsom wants to ban?

Technology 01/07/2026 CBS News 👁 13
⚡ Quick Summary

As a proposed billionaire tax in California moves forward, Gov. Newsom says other approaches are needed, including closing a tax loophole used by the ultra-rich.

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