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Joe Kernen: Trump IRS settlement ‘smells bad’

Joe Kernen: Trump IRS settlement ‘smells bad’

Summary

President Trump dropped a $10 billion lawsuit against the IRS as part of a settlement. He also started a $1.776 billion fund to repay people who say the Department of Justice wrongly investigated or prosecuted them.

Key Facts

  • President Trump filed a $10 billion lawsuit against the IRS.
  • He decided to drop the lawsuit.
  • As part of a new initiative, Trump created a $1.776 billion fund.
  • The fund aims to compensate people who claim unfair investigations or prosecutions by the DOJ.
  • CNBC’s Joe Kernen expressed suspicion about the settlement, saying it "smells bad."
  • The fund is called the “anti-weaponization” fund, suggesting it is meant to stop misuse of government power.
  • The Department of Justice is involved in the claims covered by the fund.
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