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Blue states pitch 100 percent tax on Trump's 'anti-weaponization' payouts
Washington Post (no paywall)Democratic state leaders around the country have an unusual strategy to stymie President Donald Trump’s $1.8 billion settlement fund for people who claim they were wrongly investigated by the government.
Their plan: Tax the payouts at 100 percent.
California Gov. Gavin Newsom (D) has endorsed the idea, saying, “It’s an action we look forward to taking.” State legislators in New York and Wisconsin are crafting bills on the topic. And Democratic candidates are rallying behind the tactic in blue states.
(SNIP)
The push in New York is being spearheaded by Alex Bores, an Assembly member who is running for Congress. Time is of the essence for Bores and others pushing this legislation because the legislature is set to leave Albany for the year next week.
“It’s simple: If you’re a New Yorker and you take from this illegal slush fund, New York state will tax 100 percent of it,” Bores said in a video posted on X. “If you storm the Capitol and you take from this slush fund, too bad, we’re taking it.”