California Governor Gavin Newsom has proposed a 100% tax on any payouts received by state residents from Donald Trump's $1.776 billion fund, which is intended to compensate alleged victims of lawfare and weaponization. This initiative aims to counter the fund's distribution, which is reportedly intended for Trump's allies, including individuals involved in the January 6 riots. The Department of Justice announced the fund in May, but it remains unclear who qualifies for compensation under this initiative.
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California Governor Newsom Proposes 100% Tax on Trump Fund Payouts
California Governor Gavin Newsom has announced a proposal to impose a 100% tax on payouts from Donald Trump's $1.776 billion fund. The fund aims to compensate alleged victims of lawfare and weaponization, but the criteria for eligibility have not been clearly defined.
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Newsom to impose 100% tax on California payees of Trump’s $1.8bn fund
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California Governor Newsom Proposes 100% Tax on Trump Fund Payouts
