California's Governor Says Gas Prices Are Too High, Plans a New Tax

California’s Governor Gavin Newsom confirmed that he is going to call the Legislature into a Special Session over rising gas prices. He intends to impose a new tax that will be applied only once. Here’s what you need to know. Californians have long been seeing eye-watering prices at the gas pump. Now, Gavin Newsom wants to fix that by applying a windfall profits tax directly on oil companies. It represents a one-off su... (continue reading...)