California Governor Proposes 100% Tax on Trump's January 6 Fund
California to Impose 100% Tax on Trump's January 6 'Slush Fund,' Governor Says
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California plans to levy a 100% tax on payments from a $1.8 billion fund established by the Trump administration for victims of alleged political persecution. Governor Gavin Newsom announced this initiative, labeling the fund a 'slush fund' and sparking legal and political debates over its legitimacy.
- 01California Governor Gavin Newsom announced a 100% tax on a $1.776 billion fund established by the Trump administration.
- 02The fund is intended to compensate individuals claiming political persecution related to the January 6 Capitol riots.
- 03Critics, including Republican Senator Thom Tillis, have raised concerns about the legality and morality of compensating convicted individuals.
- 04The fund's establishment followed a legal settlement between Trump and the IRS regarding leaked tax returns.
- 05Legal challenges are already emerging, including opposition from police officers who defended the Capitol during the January 6 riots.
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California is set to impose a 100% tax on payments from a nearly $1.8 billion fund established by the Trump administration, aimed at compensating individuals who allege political persecution related to the January 6 Capitol riots. Governor Gavin Newsom announced this initiative, describing the fund as a 'slush fund.' This move has ignited significant debate, with critics questioning the fund's legality and the ethics of compensating individuals convicted of crimes related to the riots. Notably, Republican Senator Thom Tillis expressed concerns about the implications of compensating those who have assaulted law enforcement. The fund was created as part of a legal settlement between Trump and the Internal Revenue Service (IRS) after Trump sued the agency over leaked tax information. Newsom did not specify when the tax would be implemented, and the initiative is expected to face legal challenges from various parties, including police officers who defended the Capitol during the events of January 6, 2021.
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The proposed tax could significantly affect individuals in California who receive payments from the fund, potentially altering their financial compensation.
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