Sacramento, California – California Governor Gavin Newsom used a press conference to announce that he intends to impose a 100% tax on President Donald Trump's $1.776 billion "anti-weaponization" fund.

Newsom used a press conference on Wednesday to accuse Trump of operating a "slush fund" through which taxpayers' money can be funneled to benefit the president's friends, supporters, and family.

The president's "anti-weaponization fund" is part of a settlement with the Internal Revenue Service over the leak of his tax returns.

It establishes a $1.776 billion pool of taxpayer money which can be doled out to compensate "victims of lawfare and weaponization."

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Acting Attorney General Todd Blanche sought to justify the fund earlier in May, arguing that it was necessary to "compensate for what the Democrats and what Biden and what [former AG Merrick] Garland did for four years."

In response, Newsom has accused Trump and members of his administration of corruption, labeling the fund a "sick misuse of taxpayer money."

When Newsom was asked whether he'll take action against the fund, he said, "I've been thinking a lot... I'm not in Congress… But I was up there around the time when legislative leaders were all, you know, discussing what the options were."

He continued, saying, "So I've been thinking a lot about it on my flight back, and one thing that I think we're going to try to do – with your support – is tax 100%."

"Anyone from California that receives any of those funds, we want to tax 100% of those proceeds. And that's an action the State of California can take, and it's an action we look forward to taking," he concluded.