A discussion involving Rep. Kevin Kiley, Fox Business hosts Dagen McDowell and David Asman focused on California’s continued population decline, mounting budget deficits, and renewed debate over proposals such as a wealth tax, which critics argue could accelerate the state’s financial instability.
Kiley said California’s economic challenges are directly tied to residents leaving the state, particularly higher earners who contribute a disproportionate share of tax revenue.
Read Full Article: https://www.rvmnews.com/2025/12/wealth-tax-would-accelerate-ca-decline-warns-rep-kevin-kiley-watch/