Newsom approves full California tax on Trump fund

Governor Gavin Newsom has signed legislation imposing a 100% California tax on payments received from Trump’s $1.8 billion “Anti-Weaponization” fund for his political allies. The tax, part of Senate Bill 122, applies to all settlement payments from the fund between 2026 and 2030 and aims to prevent recipients from benefiting favorably from the fund. Legal experts indicate that the tax is permissible under California law, but challenge would require a recipient to show harm by the tax if they were to contest it in court.

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