{"id":150,"date":"2026-05-28T10:10:06","date_gmt":"2026-05-28T10:10:06","guid":{"rendered":"https:\/\/urbaneconomynews.com\/?p=150"},"modified":"2026-05-28T10:10:06","modified_gmt":"2026-05-28T10:10:06","slug":"newsom-vows-100-percent-tax-on-trump-anti-weaponization-fund-payouts","status":"publish","type":"post","link":"https:\/\/urbaneconomynews.com\/?p=150","title":{"rendered":"Newsom Vows 100 Percent Tax on Trump \u2018Anti-Weaponization Fund\u2019 Payouts"},"content":{"rendered":"
\n

California Gov. Gavin Newsom said Wednesday that his administration will seek to impose a 100 percent tax on any California residents who receive money from President Donald Trump\u2019s newly created $1.776 billion \u201canti-weaponization\u201d fund.<\/p>\n

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Speaking to reporters, Newsom denounced the fund as a \u201cslush fund\u201d and pledged to block Californians from financially benefiting from it.<\/p>\n

\u201cAnyone from California that receives any of those funds, we want to tax 100 percent of those proceeds,\u201d Newsom said during a press conference.<\/p>\n

\u201cHe pardoned all of those folks that were beating up cops and absolved them, providing them 1.776 billion dollars,\u201d Newsom said. \u201cSo not only do you get a pardon, you get rewarded. That\u2019s why this is needed.\u201d<\/p>\n

The fund was established as part of Trump\u2019s settlement with the Department of Justice stemming from his lawsuit against the IRS over the leak of his tax returns.<\/p>\n

Trump has described the program as restitution for Americans harmed by what he called politically motivated government actions during the Biden administration.<\/p>\n

Last week, Trump defended the fund as compensation for people \u201cbadly abused by an evil, corrupt, and weaponized Biden Administration.\u201d<\/p>\n

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Democrats in several blue states are now attempting to block recipients from keeping any payouts tied to the program.<\/p>\n

In New York, Democratic Assemblyman Alex Bores introduced legislation that would similarly impose a 100 percent tax on recipients of the fund.<\/p>\n

State Sen. Mike Gianaris said Democrats in Albany are pushing to advance the measure before the legislative session ends next week.<\/p>\n

\u201cThere\u2019s widespread, bipartisan agreement that this is baldfaced corruption at its worst and if we have the ability in New York to combat it by ensuring that none of this money benefits anyone in our state\u2019s borders, I\u2019d expect there\u2019d be widespread support for that idea,\u201d Gianaris said.<\/p>\n

Democratic lawmakers in New Jersey are also drafting similar legislation.<\/p>\n

State Sen. Andrew Zwicker called the proposal \u201ca brilliant counter move to Trump\u2019s corruption.\u201d<\/p>\n

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California Gov. Gavin Newsom said Wednesday that his administration will seek to impose a 100 percent tax on any California residents who receive money from\u2026<\/p>\n","protected":false},"author":1,"featured_media":149,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nNewsom Vows 100 Percent Tax on Trump \u2018Anti-Weaponization Fund\u2019 Payouts - Urban Economy news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/urbaneconomynews.com\/?p=150\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newsom Vows 100 Percent Tax on Trump \u2018Anti-Weaponization Fund\u2019 Payouts - Urban Economy news\" \/>\n<meta property=\"og:description\" content=\"California Gov. 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