100% Tax Proposed to Counter 'Most Corrupt Thing… Ever Seen From an American President'

Chuck Schumer (D-NY) and Ron Wyden (D-Ore.), who introduced a similar bill in the US Senate.If enacted, the legislation would negate the entire 1.8 billion venture, which was created as purported restitution for Trump politcal allies who have been convicted of committing crimes on his behalf, and force beneficiaries to return any payments received to the US Department of Treasury.The bill would slap on an additional 50 penalty in the case of any willful attempt to avoid or evade the tax.Wyden described the president's slush fund, which could be used to pay out cash to Trump supporters who violently stormed the US Capitol building on January 6, 2021, as staggeringly corrupt even by Trump’s bottom-dwelling standards.Congress must do whatever it takes to prevent Donald Trump from stealing 1.8 billion from the American people to fund right-wing violence and handouts to insurrectionists, said Wyden. This money doesn’t belong to Donald Trump, it belongs to the taxpayer.”Thompson, the ranking member of the House Ways and Means Subcommittee on Tax, said that the legislation is need to stop Trump's attempt to line the pockets of January 6th insurrectionists who attacked law enforcement and tried to overturn our democratic election.My legislation ensures if a sitting president sues our government while in office, added Thompson, they get taxed 100 on any money paid through a trial or settlement.Rep. Mike Levin (D-Calif.) took some time on Thursday to provide an overview of the Trump slush fund's creation in a lengthy social media post.As explained by Levin, the fund came about after Trump filed a 10 billion lawsuit against the Internal Revenue Service (IRS) earlier this year over the 2019 leaking of his tax returns.Levin noted that IRS lawyers did their jobs by writing a memo of legal arguments they believed would defeat Trump's lawsuit in court.However, before the case could be fully heard in a courtroom, Trump agreed to drop his lawsuit while the US Department of Justice (DOJ) announced the creation of the 1.8 billion anti-weaponization fund as a settlement.Levin also called attention to the structure of the committee, which he said was riddled with conflicts of interest.The acting attorney general, Trump’s former criminal defense attorney, picks the five commissioners who decide who gets paid, he said. Trump can fire any of them. Proud Boys and Oath Keepers are not ruled out.Levin concluded by calling the fund the most corrupt thing I've ever seen from an American president.While Democrats are taking the lead in the effort to block Trump's slush fund, some Republicans have also indicated their opposition to the initiative.Rep. Brian Fitzpatrick (R-Pa.), one of the most vulnerable GOP members of the House, said on Wednesday that a nearly 1.8 billion DOJ-controlled fund cannot be created, defined, and distributed in the shadows, and he demanded acting US Attorney General Todd Blanche provide answers about who will be eligible to receive payouts and under what legal authority.Taxpayer dollars will not be turned into a discretionary payout fund, Fitzpatrick emphasized. Transparency is not optional. Accountability is not negotiable.According to a Thursday report from Punchbowl News, Senate Republicans are preparing to slap restrictions on the 1.8 billion fund that could prevent any payments from going to January 6 rioters who attacked police officers.In an interview with Punchbowl News, Sen. Thom Tillis (R-NC) expressed incredulity that such guardrails were even necessary.Imagine that—a fund that is set up to compensate people who assaulted Capitol Police officers, Tillis said. How absurd does that sound coming out of my mouth?