Stop Presidential Embezzlement Act

The Stop Presidential Embezzlement Act (S 3817) would impose a 100% tax on damages received by the President, Vice President, certain high-level executive officials (level I of the Executive Schedule), and members of Congress from civil lawsuits they file against the United States. The tax applies to the total damages received during the period the individual held a covered position, including settlements or judgments. This would be implemented by adding a new tax provision to the Internal Revenue Code, treating such damages as fully taxable income without deductions.