Have Gavin and Liz already struck a deal?

No, impossible.  Gavin is not going behind Kamala's back on this and Kamala has not yet expressed her desire on the bailout.

So, we (folks back east really) are not committed to the bailout. I get screwed, I am in California and the bailout costs will be something like a 100 billion plus, as measured from the last keyenesian cycle where we went into debt by 50 billion, or so.  California can handle a 100 billion dollar bailout, we do not need the fed loading up on portfolio to save our ass.

Let the states have first crack at the wealth tax, Feds second.  Also we need a proviso that somehow prevents Powell from bailing out California on his own.  Otherwise we are still screwed, he will just transfer the liability to Congress.

Good plan, Liz promote a state wealth tax, California cover its own bailout costs this cycle, New Yorkers can worry, or not, about the fate of Illinois.