Gov. Gavin Newsom (D-Calif.) said the state would fully tax any payouts linked to President Donald Trump’s alleged Jan. 6-related compensation efforts.
Newsom Threatens 100% Tax On Jan. 6 Payments
In a post on X, Newsom criticized the idea that individuals involved in the Jan. 6 attack could receive financial compensation linked to President Trump or related fundraising efforts.
“If you get a payout from Trump’s January 6 slush fund, California will tax it at 100%,” Newsom wrote.
He added, “People who assault cops and overthrow democracy don’t deserve a taxpayer-funded payday.”
Democrats Slam Trump $1.8 Billion Fund Over Jan. 6 Ties
Last week, former Secretary of State Hillary Clinton accused Trump of using taxpayer money to reward supporters beyond pardons issued to Capitol riot defendants.
House Minority Leader Hakeem Jeffries (D-N.Y.) also criticized federal funds to prioritize affordability for Americans, calling the proposal a misuse of public money.
Separately, Sen. Adam Schiff (D-Calif) said reports of a potential IRS-related legal settlement showed an effort to benefit Trump allies at public expense, calling the situation an example of extreme corruption.
California Billionaire Tax Sparks Backlash
Earlier, a California labor union advanced a proposed billionaire tax to the November ballot after collecting more than 1.5 million signatures, far exceeding the requirement.
The measure would impose a one-time 5% tax on residents with net worth above $1 billion and is intended to raise about $100 billion for Medicaid and food assistance programs.
Kevin O’Leary called the plan “un-American” and warned it would push wealth and businesses out of California while triggering lengthy court battles over its legality and valuation methods.
Chamath Palihapitiya also warned the measure could expand beyond billionaires, arguing it might effectively become a broader tax affecting more Californians over time and potentially be altered without voter approval.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Sheila Fitzgerald on Shutterstock.com
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