Published • loading... • Updated
Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits
Bessent declined to address whether Trump, his family and businesses still have IRS audit protection as lawmakers pressed for answers on the disputed settlement.
- Treasury Secretary Scott Bessent refused on Wednesday to confirm whether President Donald Trump and his family retain IRS audit immunity, citing ongoing litigation during a Senate Finance Committee hearing.
- The administration recently abandoned a $1.776 billion compensation fund amid intense political backlash, raising questions about the related settlement resolving Trump's $10 billion lawsuit against the IRS.
- Sen. Ron Wyden demanded an explanation, asking Bessent, "Does the IRS audit immunity given to Trump, his family, and his businesses still stand?" Bessent declined to answer, citing the unresolved legal dispute.
- After several failed attempts to get answers, Sen. Catherine Cortez Masto called the refusal "outrageous," while a federal judge in Florida reopened Trump's lawsuit to address transparency concerns regarding the settlement.
- Acting Attorney General Todd Blanche previously stated "nothing has changed" regarding the immunity provision, though reports note a separate, long-standing audit of tax techniques could result in an estimated $100 million liability.
Insights by Ground AI
8 Articles
8 Articles
Scott Bessent's combative hearing results in tense stare-down with steaming lawmaker
Rep. Judy Chu (D-CA) had a stern response to Treasury Secretary Scott Bessent on Thursday during a congressional hearing after he attempted to dodge her question.Bessent was testifying before the House Ways and Means Committee when Chu directly asked him if he had the same thoughts as President Dona...
·United States
Read Full Article
Associated Press News+4 Reposted by 4 other sources
Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits
Treasury Secretary Scott Bessent is refusing to say whether President Donald Trump and his family will still receive immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund.
·New York, United States
Read Full ArticleCoverage Details
Total News Sources8
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
12%
Factuality
To view factuality data please Upgrade to Premium
