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US government agrees to drop tax claims against Trump in broadening of IRS lawsuit settlement
The deal bars the IRS from pursuing Trump and his family on past tax matters and creates a $1.776 billion fund for people claiming political targeting.
- On Tuesday, the Justice Department issued a directive barring the Internal Revenue Service from pursuing tax claims against President Donald Trump, his family, and his companies, resolving his $10 billion lawsuit over leaked tax records.
- Trump, his two sons, and the Trump Organization sued the IRS for at least $10 billion in January after a former contractor leaked their tax returns; the settlement provides a formal apology but no direct monetary payout.
- As part of the agreement, the Justice Department established a $1.776 billion "Anti-Weaponization Fund" to compensate individuals claiming unfair targeting; Acting Attorney General Todd Blanche called it "a lawful process for victims of lawfare and weaponization to be heard."
- Democratic lawmakers and ethics watchdogs criticized the fund as a "slush fund," while Senate Majority Leader John Thune expressed discomfort; Blanche defended the initiative as providing accountability despite critics labeling the deal "corrupt."
- Claims will be accepted until December 15, 2028, by the five-member commission overseeing the fund; Blanche would not rule out payouts for individuals convicted during the January 6, 2021, Capitol riot, fueling debate.
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·Mumbai, India
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Total News Sources173
Leaning Left52Leaning Right19Center69Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 37%
C 49%
14%
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