Mr. Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
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.
The unusual program aims to compensate people who claim they were harmed by the department.
The $1.7bn settlement fund will be created by the Trump administration for individuals who allege they were subjected to unfair investigations.
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…
The government says the money will go to a fund for those "who suffered weaponization and lawfare," but it's more likely a slush fund for Trump and his cronies.
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…
The Justice Department on Monday launched a nearly $2 billion “anti-weaponization fund” as part of a settlement after President Trump sued the Internal Revenue Service (IRS) for $10 billion. The fund, which will receive a total of $1.776 billion dollars, will give payouts as well as issue “formal apologies” to those who pursue settlements after…
