Tax the Grift Act
Latest action: Referred to the House Committee on Ways and Means. (2026-05-29)
View the official record →In plain English
What this bill does
This bill would amend the federal tax code to impose a tax equal to 100 percent of any money a person receives from a settlement fund that was created as a result of a civil lawsuit filed by the President of the United States against the Internal Revenue Service. The payment would be excluded from regular gross income but taxed in full under this new provision, and no deduction would be allowed against it.
Who it affects
It would most affect anyone who receives money from a settlement fund stemming from a lawsuit brought by the President against the IRS, effectively taxing away the entire amount of such payments.
Key points
- Creates a new chapter in the Internal Revenue Code (Chapter 50B) imposing a 100 percent tax on these specific settlement payments.
- Applies only to payments from a fund established because of a civil action filed by the President against the IRS.
- The payment is excluded from normal gross income but taxed fully under the new provision, and no deduction may be taken.
- Would apply to amounts received after the bill's enactment date.
- Currently in committee; referred to the House Committee on Ways and Means.
Plain-English summary generated by AI from the official record. Neutral by design; verify against the official text linked above.
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1 · Your position
If you support this
Supporting this bill means backing a 100 percent tax that would effectively claim the entire amount of any money someone gets from a settlement tied to a presidential lawsuit against the IRS.
If you oppose this
Opposing this bill means leaving such settlement payments taxed under normal rules rather than being taken in full by this new 100 percent tax.
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