The Stop Presidential Embezzlement Act would impose a 100% tax on damages that high-ranking government officials receive from lawsuits they file against the United States government. The bill targets current and former presidents, vice presidents, Cabinet-level officials, and members of Congress, as well as their family members, when they sue the federal government and win monetary awards. The tax would apply to any damages received from civil lawsuits filed during their time in office or within one year after leaving their position. The legislation would take effect immediately upon passage, covering any damage payments received after the bill becomes law, and officials would not be allowed to deduct this tax from their regular income taxes.
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