politics
Trump Administration Reaches Settlement on IRS Tax Records Lawsuit
President Trump sued the IRS for $10 billion over the leak of his tax records and reached a settlement creating a $1.8 billion fund. The agreement also bars future federal investigations into Trump and his family businesses.
May 26, 7:09 AM·1m read1 source
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President Trump sued the Internal Revenue Service for $10 billion over the disclosure of his personal tax records. The case ended in a settlement rather than a court ruling. 8 billion fund intended to compensate individuals described as victims of government investigations.
Acting Attorney General Todd Blanche said the fund could cover people convicted in connection with the January 6, 2021, Capitol events, including those found to have assaulted police officers.
It covers actions by the IRS and other federal agencies. Blanche also indicated that the Justice Department would be restricted from bringing certain cases against the Trump family. The fund will be overseen by a panel under presidential control.
Republicans questioned Blanche during a hearing about the proposed fund. " The Senate declined to approve funding for a proposed ballroom addition estimated at $1 billion. U.S. policy toward Iran.
