California Governor Proposes 100% Tax on Trump Settlement Funds
Governor Gavin Newsom of California has announced a proposal to impose a 100% tax on any funds received by California residents from a specific settlement. This proposed tax targets payouts from a $1.776 billion fund established by the Trump administration’s Justice Department. The fund is intended for individuals who claim to have been harmed by what they describe as “weaponization and lawfare” during the Biden administration. Newsom’s pledge, made on May 27, 2026, indicates that if any Californian receives money from this program, the state aims to collect the entire amount through taxation.
This initiative, however, is not yet
Frequently Asked Questions
What is Governor Newsom proposing regarding the Trump settlement funds?
Governor Newsom is proposing a 100% state tax on any funds received by California residents from a specific $1.776 billion settlement.
Who is this settlement fund for?
The fund is for individuals who believe they were harmed by what is described as ‘weaponization and lawfare’ during the Biden administration.
When did Governor Newsom announce this proposal?
Governor Newsom announced this proposal on May 27, 2026.
What is the goal of this proposed tax?
The goal is for California to collect the entire amount of any settlement money that a California resident might receive from this specific program.
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