#$100-million
2 entries with this tag
Trump Drops the $1.776B Slush Fund After GOP Revolt — But Keeps His Permanent Tax Immunity
Acting AG Todd Blanche testified to Congress that the DOJ is "not moving forward with the fund, period" — officially killing the $1.776 billion Anti-Weaponization Fund after weeks of bipartisan backlash, three lawsuits, and a judicial freeze. But he confirmed that "nothing has changed" regarding the IRS immunity addendum that "FOREVER BARS" audits of Trump, his family, and his businesses. He refused to put the fund's cancellation in writing. Rep. DeLauro: "You just gave the President and his family a tax immunity to the tune of about $100 million." Democrats plan to force reconciliation votes to kill the immunity. The judge overseeing the original IRS lawsuit ordered Trump's attorneys to respond to "grievous allegations" that the settlement was fraud.
Trump's Former Defense Lawyer Signs Order Making Trump "FOREVER BARRED" From IRS Audits — Federal Law Says the President Can't Do That
Acting AG Todd Blanche — Trump's former personal defense attorney — signed a one-page addendum to the IRS settlement declaring the government is "FOREVER BARRED and PRECLUDED" from auditing Trump, his family, trusts, or businesses on any past tax returns. Federal law gives the IRS independent audit authority that the AG has no power to waive. A long-running audit could have cost Trump $100M+. His former lawyer just erased it. Public Citizen called it illegal. An NYU tax law expert called it "a breathtaking abuse of the tax and legal system."