Back to today’s briefing

Story perspectives

Democrats Propose 100% Tax on Trump Slush Fund Payouts

5/22/2026

37 7 Full Breakdown

Summary

Story summary

Democrats have drafted a bill that taxes payouts from President Donald Trump’s $1.8 billion slush fund at 100 %.
Rep. Mike Thompson introduced the House version of the bill.
Sens. Chuck Schumer and Ron Wyden filed a companion Senate bill.
The proposal adds a 50 % penalty for anyone who willfully evades the tax.
Republican Rep. Brian Fitzpatrick warned that the DOJ-controlled fund lacks transparency and called for accountability for any payouts.

1 of 1

Story summary

Democrats have drafted a bill that taxes payouts from President Donald Trump’s $1.8 billion slush fund at 100 %.
Rep. Mike Thompson introduced the House version of the bill.
Sens. Chuck Schumer and Ron Wyden filed a companion Senate bill.
The proposal adds a 50 % penalty for anyone who willfully evades the tax.
Republican Rep. Brian Fitzpatrick warned that the DOJ-controlled fund lacks transparency and called for accountability for any payouts.