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Los Angeles TimesReportingJul 1, 2026By Iris Kwok

Newsom signs off on 100% California tax for money from Trump's $1.8-billion 'slush fund'

Gov. Gavin Newsom on Tuesday signed off on legislation that would levy a 100% California tax on payouts from Trump's $1.8 billion "Anti-Weaponization" fund.

Gavin Newsom

Tax Budget Taxation California Tax Trump Fund California

PoliticoReportingJun 26, 2026By Melanie Mason, Blake Jones, Dustin Gardiner, Jeremy B. White

Newsom’s wealth tax pivot

Gavin Newsom

Taxation Budget Economics and Public Finance Wealth Tax