California Governor Proposes 100% Tax on Jan. 6 Payments Linked to Trump
Gavin Newsom Vows 100% Tax On Trump's Jan. 6 'Slush Fund,' Says 'If You Get A Payout... California Will Tax It At 100%'
Image: Benzinga
California Governor Gavin Newsom announced that any financial payouts related to President Donald Trump's January 6 events will be taxed at 100%. He stated that individuals involved in the Capitol attack should not benefit financially from taxpayer money.
- 01Gavin Newsom declared that California will impose a 100% tax on payouts from Trump's January 6 fundraising efforts.
- 02He criticized the notion of compensating individuals involved in the Capitol attack, stating they don't deserve taxpayer-funded payouts.
- 03Former Secretary of State Hillary Clinton and House Minority Leader Hakeem Jeffries also condemned Trump's financial dealings related to January 6.
- 04Senator Adam Schiff highlighted concerns over potential IRS settlements benefiting Trump allies at public expense, labeling it as extreme corruption.
- 05A proposed billionaire tax in California aims to raise $100 billion for public assistance, sparking controversy among business leaders.
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California Governor Gavin Newsom has announced a bold initiative to impose a 100% tax on any financial payouts linked to President Donald Trump's alleged fundraising efforts related to the January 6 Capitol attack. In a post on X, Newsom expressed his disapproval of compensating individuals involved in the insurrection, stating, "People who assault cops and overthrow democracy don't deserve a taxpayer-funded payday." This statement comes amid broader criticism from figures like former Secretary of State Hillary Clinton and House Minority Leader Hakeem Jeffries, who have condemned Trump's financial maneuvers connected to the events of January 6. Additionally, Senator Adam Schiff raised concerns about potential IRS settlements that may benefit Trump allies, calling it a case of extreme corruption. Meanwhile, a proposed billionaire tax in California seeks to impose a one-time 5% tax on individuals with net worths over $1 billion, aiming to generate about $100 billion for Medicaid and food assistance programs, although it has faced backlash from business leaders who warn it could drive wealth out of the state.
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The proposed tax on payouts related to January 6 could deter individuals from seeking financial compensation connected to the Capitol attack, while the billionaire tax aims to significantly boost public assistance funding in California.
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