Trump Just Launched a Taxpayer-Funded $1.8 Billion MAGA Slush Fund
Source: The New Republic · Bias: Left
Summary
President Trump is officially dropping his $10 billion lawsuit against the Internal Revenue Service, opting instead to create a $1.8 billion fund to further enrich himself, January 6 rioters, and virtually any right-winger who felt targeted by the Biden administration.Trump initially attacked the IRS for allegedly allowing “a rogue, politically-motivated employee to leak private and confidential information about President Trump, his family, and the Trump Organization to The New York Times, ProPublica and other left-wing news outlets, which was then illegally released to millions of people,” Trump’s attorney said last week. “President Trump continues to hold those who wrong America and Americans accountable.” Now Trump is abandoning that in favor of using the IRS—which is under his executive purview—to get him and his friends paid without legal action.What’s perhaps even more troubling is that Trump would be able to choose and fire members of this weaponization committee without cause, forming it in his own image with little to no oversight—as they aren’t required to reveal who the money goes to either.“Waste, fraud, and abuse in the flesh,” California Governor Gavin Newsom wrote last Friday on X. “Donald Trump wants to settle his joke lawsuit against his own IRS department to hand out $1.7 BILLION of OUR TAX DOLLARS to Jan. 6th insurrectionists and his cronies.”
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Daily Analysis
Read the full Parallax Pulse for May 16, 2026 — an AI-powered analysis of how Left and Right media covered the biggest stories this day.
More Headlines From May 16, 2026
- What to Watch in Saturday’s Republican Senate Primary in Louisiana (Center Left)
- Trump Celebrates After Sen. Bill Cassidy Loses Louisiana Seat (Center Left)
- Trump May Drop IRS Suit in Return for $1.7 Billion ‘Weaponization’ Fund (Center Left)
- The Global War on Free Speech (Center Right)
- To Critics, Trump Remarks Reveal a Billionaire Out of Touch (Center Left)





