US government agrees to drop tax claims against Trump in broadening of IRS lawsuit settlement
The revised deal bars the IRS from pursuing past tax claims against Trump and his companies while setting up a $1.776 billion compensation fund.
- The U.S. Justice Department, led by Acting Attorney General Todd Blanche, agreed to a settlement that permanently bars the IRS from pursuing past or future tax claims against Trump, his family, and affiliated companies.
- The settlement includes the creation of a $1.776 billion "anti-weaponization fund" to compensate individuals who claim to have been unfairly targeted by government investigations, with potential recipients including Trump allies and Jan. 6 rioters.
- Critics from both parties have denounced the settlement, raising concerns about granting broad immunity and the lack of oversight of the fund.
- Trump dropped a $10 billion lawsuit against the IRS over leaked tax documents, and the settlement covers related lawsuits, though the scope regarding new claims by entities associated with Trump remains unclear.
405 Articles
405 Articles
Why Trump’s Slush Fund Is So Egregious
Donald Trump and Todd Blanche. (Photo by Justin Lane-Pool/Getty Images.)Donald Trump is attempting to engineer a $1.8 billion taxpayer-funded slush fund to be paid to persons and groups that got in legal trouble promoting his interests. It’s one of the most notable legal stories of this (or almost any) year.In January, Trump and two of his sons sued the federal government, claiming that his own Internal Revenue Service had failed to prevent a ro…
Did Trump Just Create a Political Slush Fund With Taxpayer Money?
ScheerPost Staff What began as a lawsuit over leaked tax returns is now morphing into something far bigger — and far more dangerous. In this chilling breakdown, the so-called $1.776 billion “1776 Fund” is exposed not as a normal legal settlement, but as a potentially unprecedented expansion of executive power dressed up in patriotic branding…
DOJ settlement bars IRS from auditing Trump family’s past tax returns
The Department of Justice released a settlement addendum on Tuesday that permanently blocks the IRS from auditing past tax returns filed by President Donald Trump, his adult sons, and the Trump Organization, the latest chapter in a years-long saga that began when a government contractor illegally leaked Trump’s confidential tax records. Acting Attorney General Todd...
Trump’s $1.776 billion slush fund includes side deal blocking tax probes into president and family
While Trump officials refuse to rule out payouts to violent January 6 fascists, the Justice Department addendum seeks to foreclose claims against Trump and his related entities.
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