We have received text from H.R. 9075: Tax the Grift Act. This bill was received on 2026-05-29, and currently has no cosponsors.
Here is a short summary of the bill:
This bill, known as the
Tax the Grift Act
, proposes changes to the Internal Revenue Code related to civil actions involving the President of the United States and the Internal Revenue Service (IRS). Here’s what the bill aims to do:
Imposition of Tax
The bill introduces a new tax on any payments received by taxpayers from specific settlement funds. This tax would be set at 100% of any amount received from a fund that results from a civil lawsuit filed by the President against the IRS.
Definition of Qualified Settlement Fund Payment
A qualified settlement fund payment is defined in the bill as any funds received by the taxpayer during a taxable year from a fund that was established as a result of a civil action initiated by the President against the IRS.
Exclusions and Tax Treatment
- The bill specifies that while these payments are taxed at a 100% rate, they will not be included as gross income for the taxpayer, meaning that the money received will not count toward the taxpayer's income for tax purposes.
- Additionally, there will be no deductions on income taxes for payments received from these settlement funds.
Administrative Provisions
The bill outlines that any taxes imposed under this new provision will be treated as regular income taxes for administrative purposes. This means the tax will be managed using existing structures within the IRS.
Effective Date
The provisions of this bill would apply to payments received after the date it is enacted into law.
Relevant Companies
None found.
Representative Mark Pocan Bill Proposals
Here are some bills which have recently been proposed by Representative Mark Pocan:
- H.R.9075: Tax the Grift Act
- H.R.7803: Save Medicare Act
- H.R.7555: Audit the Pentagon Act of 2026
- H.R.7189: PrEP Access Act
- H.R.6115: To amend title XVIII of the Social Security Act to require the Secretary of Health and Human Services to maintain a website for Medicare beneficiaries to search for providers participating in MA plans and traditional Medicare.
- H.R.6114: To prohibit funds made available to the Department of Health and Human Services by previous Appropriations Acts from being used for any activity that makes Medicare Advantage the default under the Medicare program.
You can track bills proposed by Representative Mark Pocan on Quiver Quantitative's politician page for Pocan.
Representative Mark Pocan Net Worth
Quiver Quantitative estimates that Representative Mark Pocan is worth $1.3M, as of May 30th, 2026. This is the 300th highest net worth in Congress, per our live estimates.
Pocan has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative Mark Pocan's net worth on Quiver Quantitative's politician page for Pocan.
Representative Mark Pocan Stock Trading
We have data on up to $100.0K of trades from Representative Mark Pocan, which we parsed from STOCK Act filings.
You can track Representative Mark Pocan's stock trading on Quiver Quantitative's politician page for Pocan.
2026 Wisconsin's 2nd Congressional District Election
There has been approximately $1,729,789 of spending in Wisconsin's 2nd congressional district elections over the last two years, per our estimates.
Approximately $226,688 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- AMERICAN PRINCIPLES PROJECT PAC ($205,000)
- LET AMERICA VOTE PAC ($8,884)
- PROTECT THE VOTE ($5,000)
- PROGRESSIVE VICTORY PAC ($3,576)
- HUMAN RIGHTS CAMPAIGN EQUALITY VOTES ($3,503)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Wisconsin's 2nd congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
