Trump settles $10 billion lawsuit against IRS over leak of his tax returns
Summary
President Donald Trump and the Justice Department have settled a $10 billion lawsuit against the IRS and Treasury Department. The lawsuit accused these agencies of allowing a leak of Trump's and his family's tax returns to the media in 2020.Key Facts
- President Trump filed the lawsuit in Miami federal court in January.
- The lawsuit claimed the IRS and Treasury wrongly let a government contractor leak his tax returns.
- Trump's sons Eric and Donald Jr., and the Trump Organization, are also plaintiffs in the case.
- The leaked tax returns were shared with news outlets like The New York Times and ProPublica.
- The settlement includes the creation of a $1.7 billion fund to pay others who claim they were unfairly targeted by the Biden administration.
- Both sides requested extra time to negotiate before reaching this settlement.
- No detailed terms of the settlement have been publicly released.
- The Justice Department and Trump’s legal team have not commented on the settlement details.
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