California Governor Newsom Proposes 100% Tax on Payments from Trump's Fund
Newsom wants California to impose 100% tax on payments from Trump’s ‘slush fund’
Image: The Independent
California Governor Gavin Newsom has proposed a 100% tax on any resident receiving funds from the Justice Department's $1.8 billion Anti-Weaponization Fund. This initiative aims to counteract what Newsom describes as a 'slush fund' benefiting individuals like January 6 rioters. The proposal may be enacted through the state legislature or a ballot measure.
- 01Governor Gavin Newsom announced a plan to tax 100% of any funds received from the Justice Department's Anti-Weaponization Fund.
- 02The fund, totaling $1.8 billion, is intended for individuals who believe they have been wrongfully prosecuted.
- 03Newsom's proposal is part of a broader opposition to the fund, which critics argue could benefit individuals involved in the January 6 Capitol riots.
- 04The tax could be implemented via the California state legislature or through a ballot measure requiring public support.
- 05Similar proposals have emerged in other states, including New York, where a Democratic assemblyman has suggested a 100% tax on recipients.
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California Governor Gavin Newsom has proposed a 100% tax on any resident who receives monetary relief from the Justice Department's $1.8 billion Anti-Weaponization Fund. This fund aims to assist individuals claiming wrongful prosecution, but Newsom and other critics have labeled it a 'slush fund' that could potentially benefit individuals involved in the January 6, 2021, Capitol riots. During a press conference, Newsom emphasized that the state could impose this tax either through legislative action or as a ballot measure, highlighting the need for public support. This proposal reflects ongoing opposition to the fund, which emerged from a settlement involving former President Donald Trump, his adult sons, and his business. Lawmakers from both parties have raised concerns about the fund's implications, with some fearing it could allow individuals with controversial backgrounds to seek taxpayer compensation. Newsom's initiative aligns with similar proposals in other states, including New York, where a Democratic assemblyman has also suggested imposing a 100% tax on recipients of the fund.
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If implemented, the proposed tax could significantly affect California residents who seek compensation from the Anti-Weaponization Fund.
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