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NY Democrats Propose 100% Tax on Anti-Weaponization Fund Payouts

6/2/2026

Summary

Story summary

New York Democrats propose a 100% tax on any Anti-Weaponization Fund payout to state residents.
State Senate Deputy Leader Mike Gianaris and Assembly Member Alex Bores introduced the bill this week.
The Department of Justice (DOJ) created the $1.776 billion fund on May 18 after settling U.S. President Donald Trump’s IRS lawsuit.
A five-member commission will choose recipients, with unspent money returning to the federal government when the program ends in 2028.

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Story summary

New York Democrats propose a 100% tax on any Anti-Weaponization Fund payout to state residents.
State Senate Deputy Leader Mike Gianaris and Assembly Member Alex Bores introduced the bill this week.
The Department of Justice (DOJ) created the $1.776 billion fund on May 18 after settling U.S. President Donald Trump’s IRS lawsuit.
A five-member commission will choose recipients, with unspent money returning to the federal government when the program ends in 2028.