Trump poised to drop IRS suit, launch $1.7B 'weaponization' fund for allies: ABC News
The deal would create a taxpayer-funded commission to compensate Trump allies and could face court challenges over conflicts of interest.
- The Trump administration is considering a $1.78 billion 'Truth and Justice Commission' fund to compensate allies investigated during the Biden administration as part of a settlement of President Donald Trump's lawsuit against the Internal Revenue Service.
- Triggered by a lawsuit against the IRS over a 2019 tax leak, the deal seeks to resolve claims that the disclosure caused 'reputational and financial harm' to Trump and his organization.
- Nearly 1,600 individuals charged in the January 6, 2021, Capitol riot could receive compensation; the concept is modeled after an Obama administration fund that distributed $760 million.
- Democratic Rep. Jamie Raskin, D-Maryland, condemned the proposal as a 'fraud on the American taxpayer' and 'unprecedented presidential plunder,' while Democrats broadly labeled it a 'slush fund.'
- Structural concerns persist: ethics experts warn Trump would act as both plaintiff and defendant, while the commission structure allows him to remove members without cause.
104 Articles
104 Articles
Trump admin considers nearly $1.8 billion fund to compensate allies targeted in DOJ investigations, sources say
Trump administration officials are considering establishing a nearly $1.8 billion fund to compensate those who feel they have been unfairly investigated under previous administrations, according to two sources familiar with the discussions.
Donald Trump sued himself – and is expected to settle for SEK 17 billion. The money is intended to go into a “truth and justice commission” to compensate alleged victims of persecution by Joe Biden’s administration. Donald Trump himself will have the final say in the fund’s work.
Trump seeks $1.7 billion fund to pay allies in exchange for dropping IRS lawsuit: reports
President Trump said any payout from his lawsuit against the IRS would go to charity. Now, he reportedly wants $1.7 billion to pay allies who were investigated by the Biden administration.
Trump May Drop IRS Suit in Return for $1.7 Billion ‘Weaponization’ Fund
Trump supporters participate in a rally in Washington, Jan. 6, 2021, that some blame for fueling the attack on the U.S. Capitol. —John Minchillo, File—Associated PressPresident Donald Trump may drop his $10 billion lawsuit against the Internal Revenue Service (IRS) in exchange for the government creating a $1.7 billion fund to compensate political allies who claim they were wrongly targeted by the Biden Administration.The plan, first reported by…
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