California Governor Vows 100% Tax on Payouts from Trump Settlement Fund
Governor Gavin Newsom vowed to impose a 100% tax on any payouts received by California residents from a $1.776 billion 'anti-weaponization' fund secured by Donald Trump in a settlement with the U.S. Justice Department. The U.S. Department of Justice announced the fund to compensate alleged 'victims of lawfare and weaponization,' but it is unclear who qualifies under that category. The fund and its
Governor Gavin Newsom vowed to impose a 100% tax on any payouts received by California residents from a $1.776 billion 'anti-weaponization' fund secured by Donald Trump in a settlement with the U.S. Justice Department. The U.S. Department of Justice announced the fund to compensate alleged 'victims of lawfare and weaponization,' but it is unclear who qualifies under that category. According to bluesky, Newsom's proposal aims to block California residents from receiving funds from the settlement. The guardian reported the creation of the fund and the uncertainty surrounding eligibility.
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