Story perspectives

Bipartisan Leaders Propose 100% Tax on $1.8B Anti-Weaponization Fund

5/28/2026

Summary

Story summary

Senate Finance Committee Ranking Member Ron Wyden, Senate Majority Leader Chuck Schumer, California Governor Gavin Newsom and New York Assemblymember Alex Bores announced measures that would impose a 100% tax on anti-weaponization fund payouts.
The Department of Justice created a roughly $1.8 billion anti-weaponization fund after President Donald Trump dropped a $10 billion IRS lawsuit.
Lawmakers from both parties expect legal challenges to the tax proposals, citing questions about authority and constitutionality.

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Story summary

Senate Finance Committee Ranking Member Ron Wyden, Senate Majority Leader Chuck Schumer, California Governor Gavin Newsom and New York Assemblymember Alex Bores announced measures that would impose a 100% tax on anti-weaponization fund payouts.
The Department of Justice created a roughly $1.8 billion anti-weaponization fund after President Donald Trump dropped a $10 billion IRS lawsuit.
Lawmakers from both parties expect legal challenges to the tax proposals, citing questions about authority and constitutionality.