Gavin Newsom (Justin Sullivan/Getty Images)
California governor Gavin Newsom said he has a “moral duty” to release his tax returns every year but hasn’t done so since 2022, raising questions about the governor’s finances and whether he can actually put his money where his mouth is as he eyes a 2028 presidential bid, our Andrew Kerr reports.
Newsom made the commitment while campaigning for his first term as governor in 2017, earning praise from the Sacramento Bee, which said the Democrat “set a standard of transparency.” Two years later, Newsom signed a bill requiring presidential and gubernatorial candidates to release their tax returns to appear on the ballot in California, which Newsom said would deter allegations of “conflicts of interest, self-dealing, or influence from domestic or foreign business interests.”
The move was aimed at forcing President Donald Trump to release his own tax returns, though that did not happen: California’s supreme court struck down the provision related to presidential candidates while upholding the requirement for gubernatorial candidates. Newsom complied with the law when running for reelection in 2022, when he released his 2020 tax return. He has not released any returns since then—meaning Newsom is not “the first Governor in state history to release his tax returns on a yearly basis,” as he said he would become.
The release of more recent returns could shed light on income Newsom and his wife, Jennifer Siebel Newsom, have received from Siebel Newsom’s charity, the Representation Project, which combats “intersectional gender stereotypes” and is funded by companies that do business with Newsom’s administration. The charity has paid a production company owned by Siebel Newsom—who comes from a wealthy family and is the beneficiary of a multimillion-dollar trust—nearly $800,000 since 2020, but it’s unclear how much of the money has gone to Siebel Newsom directly. Fresh tax returns from Newsom would provide an exact figure.
READ MORE: Gavin Newsom Said He Had a ‘Moral Duty’ To Release His Tax Returns Every Year He Served in Office. He Hasn’t Since 2022.
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