"Billionaire Tax" Proposal (12/30)
The John Kobylt Show
Premiere Networks
4.3 • 799 Ratings
🗓️ 31 December 2025
⏱️ 37 minutes
🧾️ Download transcript
Summary
The John Kobylt Show Hour 3 (12/30) - Lou Penrose fills in for John. Denise Gitsham comes on the show to talk about the proposed "Billionaire Tax" that could be on the ballot in California. More on the proposed "Billionaire Tax" that could be on the ballot in California. It's a new world and there is no going back. How does an asylum seeker qualify for asylum?
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is an I-Heart podcast. |
| 0:02.6 | Guaranteed Human. |
| 0:04.8 | KFI. AM 640. |
| 0:06.5 | You're listening to the John Cobalt podcast on the I-Hart Radio app. |
| 0:10.8 | Lou Penrose, sitting in for John Cobalt this week. |
| 0:13.3 | Good to be with you. |
| 0:14.5 | Billionaires back in the crosshairs in California, |
| 0:17.8 | a proposed billionaire tax, a one-time 5% tax on billionaires, |
| 0:24.2 | as billionaires weighing, leaving California over the next year. |
| 0:31.1 | And why wouldn't they? News Nations, Denise, get him, gets him is with us. She's been covering been covering the story so who where is this coming from |
| 0:41.3 | the governor hasn't weighed in on it so it's not coming from the governor there are progressives |
| 0:46.0 | angling to be the most anti-billionaire person in the legislature is this coming from the assembly |
| 0:51.7 | is it coming from a grassroots organization tax proponents where is this coming from it this coming from the Assembly? Is it coming from a grassroots organization, tax proponents? Where is this coming from? It's coming from the unions, which is really the power |
| 1:00.0 | source for all democratic politics in California. Interestingly, Newsom, this is the one time in my |
| 1:05.4 | whole life, as a committed lifelong conservative that I've ever cited with Newsom, because |
| 1:09.9 | probably because he's opposed to it, |
| 1:11.4 | probably because it impacts him most likely. |
| 1:14.0 | Yeah, that's true. |
| 1:15.1 | He's come out publicly. |
| 1:16.5 | He's actually raising the money against this effort. |
| 1:19.5 | If you can believe it, hopefully he throws as much of his, you know, time money and effort |
| 1:23.6 | and celebrity, you know, resources into stopping this billionaire tax as he did with |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Premiere Networks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Premiere Networks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.