Republicans Kill Attempt to Stop Trump’s Corrupt IRS Immunity Deal
Source: The New Republic · Bias: Left
Summary
Republicans apparently have no problem with President Trump protecting himself and his family from any tax investigations ever again. On Thursday, the Senate Finance Committee voted down an amendment to a tax procedure bill that would have prevented the IRS from making any tax audit immunity deals with a sitting president, their family, or any connected entities. It also would have effectively killed Trump’s IRS audit immunity deal and required the Treasury Department to report any related agreements to Congress. Every Republican on the committee voted against the amendment, including Senators Bill Cassidy and John Cornyn, who will be leaving the Senate at the end of this year after being defeated in GOP primaries by Trump-backed challengers. Cornyn and Cassidy have vocally opposed Trump’s settlement deal with the IRS, which not only would give the president, his family, and his businesses protection from audits from the IRS, but also calls for the creation of a nearly $1.8 billion slush fund for anyone who claims to have been victimized by “political weaponization” from the federal government. Cornyn in particular has vowed to vote against Todd Blanche’s nomination for attorney general until he gets a written agreement that the slush fund is dead and the IRS audit immunity deal is narrowed in scope (so as not to apply to future filings). But their opposition to the settlement seems to end at actually taking any legislative action against it. The amendment vote was forced by Democratic Senator Ron Wyden, the ranking member on the committee, and was supported by every Democrat on the committee. The amendment failed by a 14–13 vote. “Our office has received more than 7000 messages from constituents expressing their opposition and anger,” Democratic Senator Maria Cantwell told Bloomberg Law. “We need to make clear to those law-abiding citizens that the well-connected are not above the law and they don’t get a free pass when it comes to compliance with our tax laws.”Other Republicans on the committee claimed that approving the amendment would have doomed the bipartisan bill altogether. It’s a package of changes to tax procedures, including collections, processes, and administration. Republican Senator Mike Crapo, the committee’s chair, said “this is not the place” to resolve the settlement. “If this bill were to become the vehicle where this issue is resolved, it would achieve basically making this bill a partisan bill,” and that “would turn this bill into a bill that has a much dimmer future for becoming law,” Crapo said. He and his fellow Republicans haven’t offered any other solutions to Trump’s unprecedented and outrageous IRS settlement, though.
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Daily Analysis
Read the full Parallax Pulse for July 30, 2026 — an AI-powered analysis of how Left and Right media covered the biggest stories this day.
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