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Trump drops IRS lawsuit to establish $1.7 billion fund protecting Americans from government weaponization

May 18, 2026Right

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…

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7 related stories from other outlets

Trump drops $10 billion lawsuit against IRS

Axios

May 18, 2026

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Trump drops $10 billion lawsuit against IRS

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…

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Trump drops ‘unprecedented’ $10 billion lawsuit against IRS over leaked tax records

NBC News

May 18, 2026

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Trump drops ‘unprecedented’ $10 billion lawsuit against IRS over leaked tax records

President Donald Trump is moving to voluntarily dismiss a $10 billion lawsuit against the IRS that legal experts called “unprecedented,” according to a Monday court filing.

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Trump drops $10bn lawsuit against IRS in exchange for a settlement fund

BBC News

May 18, 2026

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Trump drops $10bn lawsuit against IRS in exchange for a settlement fund

The $1.7bn settlement fund will be created by the Trump administration for individuals who allege they were subjected to unfair investigations.

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Trump drops IRS lawsuit, paving the way for a settlement

NPR

May 18, 2026

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Trump drops IRS lawsuit, paving the way for a settlement

The president sued the IRS and the Treasury Department in January, demanding $10 billion over the leak of his tax returns years ago.

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Trump Drops IRS Lawsuit Ahead of Expected Settlement Fund

The Wall Street Journal

May 18, 2026

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Trump Drops IRS Lawsuit Ahead of Expected Settlement Fund

The administration plans to announce an unusual program to compensate people who claim they were harmed by the Justice Department.

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Trump Settles His Own Lawsuit Against the IRS for $1.8 Billion of Your Money

Reason.com

May 19, 2026

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Trump Settles His Own Lawsuit Against the IRS for $1.8 Billion of Your Money

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.

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Trump’s $10 Billion IRS Shakedown Takes Darker Turn, Unnerving Experts

The New Republic

May 18, 2026

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Trump’s $10 Billion IRS Shakedown Takes Darker Turn, Unnerving Experts

Donald Trump has reached a “settlement” with his Justice Department in a $10 billion lawsuit he brought against the IRS. Under it, DOJ will create a new $1.8 billion fund, controlled by Trump, that will dole out payments to allies who have supposedly been victimized by government “weaponization.” This could include the January 6 rioters. This has shocked…

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