“California Gov. Gavin Newsom on Friday proposed a national tax on billionaires that he says is the first part of an “economic reset for America” agenda, which aides explicitly say is part of his considering to launch a presidential campaign,” CNN reports.

Said Newsom: “The system America’s founders built was designed to prevent the concentration of power in a few hands, but we have allowed that concentration to happen anyway, slowly, in plain sight, over decades. We can reverse it together, as a country.”

“It is extremely early in the presidential campaign cycle for a policy proposal — but comes as Democrats continue to embrace economic populism and moves against the wealthy. It also comes as California voters in November will decide on a billionaires’ tax after the governor and opponents of the tax late Thursday failed to reach a deal to keep it off the ballot.”

Wall Street Journal: California’s proposed billionaire tax will appear before voters in November, teeing up a high-stakes fight among Democrats.

“The 2028 Democratic presidential primary is already a mess, months before the race actually starts,” NOTUS reports.

“Consider that ‘everyone and their mother’ could run, per 2024 alum Quentin Fulks, leading to a field of more than 20 candidates. And that nobody knows what to make of Kamala Harris, including Kamala Harris.”

“Adding to the confusion: The Democratic National Committee is at a crossroads. At least three potential candidates have already talked about skipping the official DNC debates, according to advisers, potentially opening the process to a surge of unofficial debates hosted by every lefty media organization or interest group imaginable.”

“Maryland Gov. Wes Moore is on an Independence Day collision course with President Donald Trump,” Politico reports.

“Moore is planning to deliver a sweeping speech on patriotism on July Fourth from the Maryland State House in Annapolis — with the aim of counterprogramming what Trump promised would be the ‘most spectacular TRUMP RALLY of them all, a TRIBUTE TO AMERICA.’”

“Moore said he thinks Trump is going to spend the 250th anniversary of the nation’s founding talking about himself — but that America deserves something more.”

The Guardian: Only Donald Trump could make America’s special 250th birthday all about him.

“Democratic strategist James Carville said he wouldn’t place Darializa Avila Chevalier, the Democratic nominee for New York’s 13th congressional district, in the House Democratic Caucus if she wins in November,” The Hill reports.

Said Carville: “They should not seat her in the caucus. Her views are totally against anything that any Democrat has. We believe in pluralism.”