New York Lawmaker Proposes 100% Tax on Trump’s $1.8 Billion Fund Payouts

5 articles · Updated · NBC News · May 27

Alex Bores, a Manhattan assemblyman, is drafting an Anti-Insurrectionist Act that would impose a 100% New York state income tax on residents who receive money from the Trump administration’s “anti-weaponization” fund.
Bores said the measure is meant to stop New Yorkers from profiting from what he called a publicly funded political payout, especially if Jan. 6 defendants receive distributions from the fund.
The Justice Department created the $1.8 billion fund as part of a settlement under which Trump dropped a $10 billion lawsuit against the IRS and other claims tied to Mar-a-Lago and past investigations.
Roughly 80 to 90 Jan. 6 participants were from New York, according to databases cited in the report, and Bores’ memo says any state resident paid by the fund should retain none of it.
The fund has already drawn bipartisan criticism, separate lawsuits and copycat tax proposals from Democrats including House Ways and Means members and California Gov. Gavin Newsom.

Can states legally impose a 100% tax on payouts from a federal settlement?

How will a federal fund define 'weaponization' for payouts without judicial review?

What precedent does this $1.8B settlement set for future presidents' legal battles?