Donald Trump to Drop IRS Lawsuit in a $1.8 Billion Deal—Attorney
Summary
President Donald Trump plans to drop his $10 billion lawsuit against the IRS over the leak of his tax returns. This move is linked to talks about a $1.7 to $1.8 billion fund to compensate people who say they were wrongly targeted by the federal government during the Biden administration.Key Facts
- President Trump sued the IRS because his tax returns were leaked by a government contractor.
- The contractor pleaded guilty to leaking tax information of Trump and other wealthy individuals.
- Trump sought at least $10 billion in damages, claiming harm to his finances and reputation.
- Trump’s lawyers told a federal judge that he will dismiss the lawsuit voluntarily.
- The dismissal will likely be "with prejudice," meaning Trump cannot sue again over the same issue.
- The lawsuit involved unusual legal questions since Trump was suing agencies under his own administration.
- The new compensation fund would be worth about $1.7 to $1.8 billion to help people who claim they were unfairly targeted by the government.
- Some lawmakers, like Representative Jamie Raskin, have criticized the compensation plan as unconstitutional or politically motivated.
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