Top Senate Democrats just dropped a major legislative bomb, introducing the “Stop Presidential Embezzlement Act” this week. Newsweek reported that this new bill is a direct response to President Donald Trump’s massive $10 billion lawsuit against the Internal Revenue Service (IRS) and the Treasury Department.
Proposed by Oregon Senator Ron Wyden and Senate Minority Leader Chuck Schumer, the legislation seeks to prevent any current or future president from personally profiting from legal action filed against the federal government while they are in office. If passed, the legislation would impose a 100 percent tax on any settlements or awards received by a sitting president, vice president, Cabinet member, or member of Congress from the federal government.
