The Stop Presidential Embezzlement Act imposes a 100 percent federal tax on damages that high-ranking government officials receive from civil lawsuits against the United States. The bill applies to current and former presidents, vice presidents, cabinet-level officials (Executive Schedule Level I positions), and members of Congress, as well as their relatives. Any damages these officials win through settlement, verdict, or judgment in suits filed against the federal government during their time in office would be fully taxed, and these damages would be excluded from their regular taxable income to avoid double taxation. The bill takes effect immediately upon enactment and applies retroactively to any damages received after the law is signed, essentially recapturing settlement or judgment proceeds that high-ranking officials might receive from disputes with the federal government.
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