Stop Presidential Embezzlement Act

100% Tax on Senior Federal Officials

The bill would impose a tax equal to 100 percent of damages a "covered person" receives in a taxable year from civil actions they filed against the United States or its agencies. Covered persons would include the President, Vice President, Members of Congress, top Executive Branch officials at level I, and certain related persons. The tax would apply only to damages tied to cases filed, settled, or decided while the person was serving and up to one year after they stop serving. Those amounts would be excluded from ordinary gross income rules but taxed under the new chapter, and they would not be deductible; the rule would apply to amounts received after the date of enactment.