California Gov. Gavin Newsom is facing fresh criticism after releasing four years of long-awaited tax returns through a tightly controlled process that allowed only a select group of news organizations to review the documents, prompting accusations that his pledge of transparency fell far short of the mark.
Although Newsom had promised to make the records public, The California Post reported that only a handful of invited media outlets were permitted to examine the 718 pages of tax filings during a private session in Sacramento. Reporters were reportedly barred from making copies and were instructed to rely solely on handwritten notes.
Newsom, who is facing the possibility of an FBI corruption investigation involving both himself and his wife, Jennifer Siebel Newsom, did not attend the Thursday event and was unavailable to answer questions about the records.
Among the outlets invited to review the filings were The New York Times and Politico. Their reporters were permitted only to take notes with pen and paper before publishing their reports Friday morning.
The limited-access release came after sustained pressure from The California Post, which had repeatedly called on the governor to fulfill his promise to disclose his tax returns. The newspaper itself was not invited to review the documents.
Several Republican officials sharply criticized the process.
“If the governor is truly committed to transparency, it makes little sense to pick and choose who that transparency extends to,” US Rep. Kevin Kiley, a former state legislator, told The Post.
“This appears to be another Newsom story where the factual details are very different from the self-proclaimed headline.”
State Assembly Republican Leader James Gallagher also questioned the governor’s claims of openness.
“Newsom’s transparency is a lot like his homelessness policy — it leaves a lot to be desired.”
“He talks big about things abut never actually delivers. This is another instance of that — only allowing select people and only pen and paper. This isn’t real transparency. There are still a lot of questions where Gavin’s money comes from.”
Scott Meyers, a Republican candidate for Congress in California’s 30th District, likewise criticized the governor’s handling of the release.
“If you want voters to trust you as a steward of their tax dollars, you should welcome that level of scrutiny.”
According to notes taken by the invited reporters, the filings show that Newsom and his wife paid nearly $200,000 for household staff, claimed deductions involving approximately $45,000 worth of Armani clothing, and earned between $1.7 million and $2 million annually from 2022 through 2024.
The records also indicate that Newsom received $70,000 in book royalties in 2023 and another $75,000 in 2024 from his memoir, Young Man in a Hurry.
For tax year 2021, the couple reported approximately $3.5 million in taxable income, including roughly $1 million generated from the sale of their Marin County home.
According to the Associated Press, Newsom’s overall income remained relatively stable from 2021 through 2024.
The filings show that the governor’s annual salary—roughly $200,000 at the time, later increasing to $246,000—represented only a small share of the family’s earnings. Most of their income reportedly came from winery, restaurant, and hospitality investments that were placed into a blind trust after Newsom assumed office. The returns do not specify which individual businesses produced profits or losses.
The tax records also reveal that Jennifer Siebel Newsom’s production company, Girls Club Entertainment, continued to lose money. According to The New York Times, the company posted a loss of roughly $37,000 in 2022 while generating only about $11,700 in income for Siebel Newsom. At the same time, she reportedly received annual compensation exceeding $150,000 from her nonprofit organization, The Representation Project.
In 2022, the Newsoms donated Armani business attire originally purchased for approximately $45,000 to an Oakland restorative justice nonprofit. Their tax filings estimated the clothing’s charitable value at about $4,900, according to The New York Times.
The returns further show that the couple contributed between $40,000 and $67,000 to charitable organizations each year during the four-year period.
According to The New York Times, the Newsoms paid nearly $2.8 million in federal income taxes and approximately $500,000 in California state income taxes during the years covered by the filings.
Newsom has long advocated for public disclosure of elected officials’ finances. During his successful 2018 campaign for governor, he released tax returns dating back to 2011. After taking office, he signed legislation in 2019 requiring gubernatorial candidates to disclose five years of federal tax returns before appearing on California’s primary ballot, while also promising to continue releasing his own returns annually.
Despite that pledge, no tax returns covering years after 2020 had been publicly released until Friday.
Earlier this month, when asked by The California Post why the more recent returns had not been released, Newsom expressed surprise.
“I know you love taxes,” the governor joked before pivoting to criticize President Donald Trump.
When reminded that he had frequently contrasted his financial transparency with Trump’s, Newsom insisted he had released his taxes “for decades.”
“And you will have all those new tax returns, because — I have no reason why you haven’t gotten them already,” he said.
Earlier in July, Newsom’s office told The California Post that the returns would be released before the end of the month, and spokesman Izzy Gardon confirmed Thursday that they would become public Friday. The newspaper said it was never informed that other media organizations had already reviewed the filings.
The governor’s office did not release the couple’s 2025 tax return, explaining that they had filed for an extension and expect to complete that filing in October.
Throughout the controversy, Newsom’s office has maintained that the records contain nothing out of the ordinary.
“They’re unremarkable and entirely consistent with what Californians already know from his annual Form 700 disclosures,” spokesperson Diana Crofts-Pelayo previously told The Post.
“The governor publicly released his tax returns while he was on the ballot and is happy to go above and beyond by releasing the remaining years as well.”
Interest in the tax filings intensified after Newsom disclosed last month that he and his wife are subjects of a federal investigation, which the governor has characterized as politically motivated.
A source previously told The California Post that one aspect of the federal inquiry focuses on Jennifer Siebel Newsom’s tax filings.
Separately, federal investigators pursued charges against Newsom’s former chief of staff, Dana Williamson, who pleaded guilty in May to conspiracy to commit bank and wire fraud, filing a false tax return, and making false statements to the FBI. Williamson is scheduled to be sentenced on Sept. 17.
Newsom has repeatedly accused the Trump administration of using the Justice Department as a political weapon against someone widely viewed as a potential candidate for the 2028 presidential election.
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