The $1.7bn settlement fund will be created by the Trump administration for individuals who allege they were subjected to unfair investigations.
The Justice Department announced that President Trump would be dropping his lawsuit against the Internal Revenue Service in "exchange" for the creation of an "anti-weaponization fund." NBC News' Monica Alba reports on the announcement and how the fund could be used.
Settlement with the US government would create $1.7bn fund to compensate allies for supposed persecutionSign up for the Breaking News US newsletter emailDonald Trump moved to dismiss a $10bn lawsuit against the IRS on Monday, dropping his claims amid reports he is considering a settlement with the federal government that would create a $1.7bn fund to…
President Trump, his two eldest sons and the Trump Organization voluntarily dismissed their $10 billion lawsuit against the IRS and Treasury Department on Monday, according to a filing in a Miami federal court.Why it matters: The dismissal comes as Trump has reportedly considered launching a $1.776 billion taxpayer-funded compensation fund for those who…
The president sued the IRS and the Treasury Department in January, demanding $10 billion over the leak of his tax returns years ago.
The unusual program aims to compensate people who claim they were harmed by the department.
President Donald Trump moved to drop his $10 billion lawsuit against the Internal Revenue Service over the 2019 leak of his tax information.
President Donald Trump has dropped his lawsuit against the Internal Revenue Service on Monday after agreeing to a settlement that requires the Department of Justice to create a fund for government lawfare victims.Trump, his two eldest sons, and the Trump Organization sued the IRS in January for $10 billion after a former IRS contractor admitted to leaking…
