WATCH: Bessent refuses to tell Senate panel whether Trump remains exempt from IRS audits
Summary
Treasury Secretary Scott Bessent did not answer when asked if President Donald Trump and his family still have protection from IRS audits. This came after the government stopped plans for a $1.776 billion fund meant to help Trump’s allies. Bessent said he could not speak on ongoing legal matters during a Senate hearing.Key Facts
- Treasury Secretary Scott Bessent refused to say if Trump and his family remain immune from IRS audits.
- The administration dropped plans for a $1.776 billion compensation fund benefiting Trump’s allies.
- Bessent spoke at a Senate Finance Committee hearing focused on the Treasury Department budget.
- Bessent cited ongoing litigation as the reason for not commenting.
- Acting Attorney General Todd Blanche suggested that the part of the settlement linked to IRS audit immunity might still apply to President Trump.
- Democratic lawmakers were seeking clear answers about the audit immunity during the hearing.
- The hearing took place after Congress pushed back on the proposed fund.
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