California Gov Newsom calls for 100% tax on recipients of Trump's $1.8B 'anti-weaponization' fund
Legislation to impose a 100% tax on payouts from Trump's "anti-weaponization" fund, which was established to compensate victims of alleged political persecution under the Biden administration, is being pursued in California, New Jersey and New York.
California Democratic Gov. Gavin Newsom wants to impose a 100% tax on anyone in his state receiving money from Trump's "anti-weaponization" fund.
Newsom in expressing his desire Wednesday called the money a "slush fund."
His threat follows similar ones in other blue states, according to Politico. New York state Rep. Alex Bores, a Democrat, introduced legislation this week to tax payouts from Trump's fund also at rate of 100%. New York lawmakers may vote on the measure as soon as next week.
Similar legislation is being drawn up in New Jersey.
The Department of Justice established the $1.8 billion fund as part of a settlement that ended President Donald Trump's $10 billion lawsuit against the IRS over the leak of his tax returns. It's meant to compensate victims of alleged political persecution under the Biden administration.