Trump poised to drop IRS suit, launch $1.7B 'weaponization' fund for allies: Sources
ABC News ^ | 5/14/26
President Donald Trump is expected to drop his $10 billion lawsuit against the Internal Revenue Service in exchange for the creation of a $1.7 billion fund to compensate allies who claim they were wrongfully targeted by the Biden administration, sources familiar with the matter told ABC News.
The commission overseeing the compensation fund would have the total authority to hand out approximately $1.7 billion in taxpayer funds to settle claims brought by anyone who alleges they were harmed by the Biden administration's "weaponization" of the legal system, including the nearly 1,600 individuals charged in connection with the Jan. 6 Capitol attack as well as potentially entities associated with President Trump himself.
While the settlement is expected to be agreed upon in the coming days, sources caution that the final terms will not be set until they are officially announced.
(Excerpt) Read more at abcnews.com ...
ABC News ^ | 5/14/26
President Donald Trump is expected to drop his $10 billion lawsuit against the Internal Revenue Service in exchange for the creation of a $1.7 billion fund to compensate allies who claim they were wrongfully targeted by the Biden administration, sources familiar with the matter told ABC News.
The commission overseeing the compensation fund would have the total authority to hand out approximately $1.7 billion in taxpayer funds to settle claims brought by anyone who alleges they were harmed by the Biden administration's "weaponization" of the legal system, including the nearly 1,600 individuals charged in connection with the Jan. 6 Capitol attack as well as potentially entities associated with President Trump himself.
While the settlement is expected to be agreed upon in the coming days, sources caution that the final terms will not be set until they are officially announced.
(Excerpt) Read more at abcnews.com ...
