Referred to the House Committee on Ways and Means.
The bill adds a new Chapter 50B to the Internal Revenue Code imposing a tax equal to 100 percent on any amount a taxpayer receives from a fund established as a result of a civil action filed by the President of the United States against the Internal Revenue Service. Those payments are simultaneously excluded from gross income for chapter 1 purposes, and the tax is administratively treated as a subtitle A tax; the change applies to amounts received after enactment.
Progressives emphasize anti‑corruption and Treasury protection.
Relative to its intended legislative type, this bill is a straightforward statutory amendment that creates a new, specific tax obligation and integrates that obligation into the Internal Revenue Code, but it omits several commonly expected supporting elements.
The bill adds a new Chapter 50B to the Internal Revenue Code imposing a tax equal to 100 percent on any amount a taxpayer receives from a fund established as a result of a civil action filed by the President of the United States against the Internal Revenue Service.
Those payments are simultaneously excluded from gross income for chapter 1 purposes, and the tax is administratively treated as a subtitle A tax; the change applies to amounts received after enactment.
The bill also updates a cross-reference in section 275(a)(6) and adds the new chapter to the subtitle D table of chapters.
Very narrow, punitive, politically charged tax with scant bipartisan compromise features, raising legal and coalition risks.
Relative to its intended legislative type, this bill is a straightforward statutory amendment that creates a new, specific tax obligation and integrates that obligation into the Internal Revenue Code, but it omits several commonly expected supporting elements.
Progressives emphasize anti‑corruption and Treasury protection.
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize anti‑corruption and Treasury protection.
Likely cautiously supportive of the bill's anti-corruption intent but concerned about collateral harms and legal risks.
They would welcome measures that prevent presidential self-dealing, yet worry the provision could punish legitimate claimants and raise separation‑of‑powers or due‑process issues.
Views the bill as narrowly targeted but blunt and legally unusual.
They see merit in preventing politically motivated payouts but are uneasy about a 100% tax that effectively confiscates payments and about constitutional vulnerability.
Likely strongly opposed as an overbroad, punitive expansion of federal tax power used to target actions connected to the Presidency.
They view it as governmental overreach that interferes with legal remedies and sets a dangerous precedent.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Very narrow, punitive, politically charged tax with scant bipartisan compromise features, raising legal and coalition risks.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize anti‑corruption and Treasury protection.
Very narrow, punitive, politically charged tax with scant bipartisan compromise features, raising legal and coalition risks.
Relative to its intended legislative type, this bill is a straightforward statutory amendment that creates a new, specific tax obligation and integrates that obligation into the Internal Revenue Code, but it omits sever…
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