Trump may settle his lawsuit against IRS for $1.7bn fund to compensate allies
Summary
President Donald Trump is reportedly considering settling his $10 billion lawsuit against the IRS by dropping the case in exchange for a $1.7 billion fund to compensate people he says were unfairly targeted by the Biden administration. The fund could include payments to more than 1,500 January 6 rioters and would use taxpayer money from the Treasury Department’s Judgment Fund.Key Facts
- Trump sued the IRS for $10 billion over the leak of his personal tax returns during his first term.
- The proposed settlement includes creating a $1.7 billion fund to compensate Trump’s allies and others.
- The fund might pay compensation to January 6 rioters and others claiming wrongful targeting.
- The Treasury’s Judgment Fund, which handles government settlements, would provide the money.
- Trump may also get a public apology from the IRS and avoid audits on himself and his businesses.
- A federal judge in Miami questioned whether the lawsuit has a real legal dispute.
- Court-appointed lawyers suggested Trump might be controlling government lawyers in the case.
- An IRS contractor was jailed for leaking Trump’s tax returns to the media in 2024.
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