Newsom to impose 100% tax on California payees of Trump’s $1.8bn fund | Gavin Newsom
California Governor Gavin Newsom is trying to block Donald Trump’s $1.776 billion “anti-gun” initiative fundBy imposing a 100% tax on any payments received by state residents.
In May, the Department of Justice (DoJ) announced a fund to compensate alleged “victims of law and arms.” It is unclear who fits into this category.
The fund was the product of a settlement reached between Trump and the Internal Revenue Service (IRS), which he sued over leaks of the president’s tax returns.
Critics, including Newsom, have called the fund a “favour” designed to funnel money to Trump allies. There was speculation that the philanthropists might include people arrested in the US Capitol siege on January 6, 2021. The Trump administration described the rioters as patriots and pardoned most of those charged in connection with the attack.
“People who attack cops and overthrow democracy do not deserve a taxpayer-funded payday,” Newsom wrote in a post to X on Wednesday. announces He explained his plan at a press conference.
Five people appointed by the U.S. attorney general will manage $1.776 billion, which will be transferred from a fund typically used to pay court judgments.
Acting U.S. attorney Todd Blanche called the fund a way to “right the wrongs that have been done before.” Quarterly reports on who is receiving financial aid and what amount will be sent to the attorney general. According to the Department of Justice, claims will not be processed after December 1, 2028, at which point the remaining amount will be returned to the federal government.
The Justice Department did not immediately respond to a request for comment on how it would handle Newsom’s proposed tax.
This is the latest in a long, bitter fight between Newsom and Trump.
The two politicians frequently exchange blows in the press and on social media. They are at loggerheads over a range of issues in the Golden State, including the federal deployment of ICE agents, how health care fraud is handled and election integrity.
