'A $1,700,000,000 Fraud on the American Taxpayer': Trump to Drop IRS Suit in Exchange for MAGA Slush Fund [View all]
"The top Democrat on the House Judiciary Committee on Thursday accused US President Donald Trump of 'orchestrating a $1,700,000,000 fraud on the American taxpayer to line the pockets of his MAGA political allies' amid new reporting on the terms Trump is seeking in talks to settle his $10 billion lawsuit against the Internal Revenue Service."
"ABC News reported late Thursday that Trump is expected to drop his lawsuit in the coming days 'in exchange for the creation of a $1.7 billion fund to compensate allies who claim they were wrongfully targeted by the Biden administration.' The money would come from the Treasury Department’s Judgment Fund, which pays out court judgments and settlements against the federal government."
"The president is also expected to receive a public apology from the IRS for the leak of his tax returns during his first White House term."
"Rep. Jamie Raskin (D-Md.) said in a statement that the reported settlement terms represent 'another installment' in Trump’s 'ongoing effort to turn the federal government into a personal cash machine for his unpopular extremist movement.' "
Continued at link:
https://www.commondreams.org/news/trump-irs-lawsuit-slush-fund
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