#Socialites, get a load of this! As part of a new settlement deal, the Donald Trump Administration has blocked the Internal Revenue Service (IRS) from pursing all past and ongoing tax audits and investigations of President Trump, his family members, and companies.
RELATED: Donald Trump Drops IRS Lawsuit In Exchange For Apology, $1.776 Billion Compensation Fund
On Tuesday (May 19), the Department of Justice (DOJ) expanded the just-announced settlement of President Donald Trump’s lawsuit over the leaking of his tax returns. In January, Trump along with two of his sons and the Trump family business, sued the IRS for at least $10 billion for leaking their tax returns during Trump’s first term.
In their lawsuit, the Trumps argued that the IRS should have better protected them from a former contractor disclosing their tax information to The New York Times and ProPublica.
RELATED: Donald Trump Says Troops In Joint U.S.-Nigerian Operation Attacking Islamic State Group Killed ISIS Second In Command, Abu-Bilal Al-Minuki
Donald Trump Administration Blocks IRS From Pursuing Past And Ongoing Audits Of Him, Family, And Businesses
While settling Donald Trump’s lawsuit, the Justice Department granted President Trump, his family, and businesses immunity from past and pending inquiries into their taxes. The arrangement could now protect the president from any significant financial liability.
Officials silently snuck in the addendum to the deal, which hit the public a day prior. The initial deal created a $1.776 billion compensation fund, likely benefiting Trump’s allies and protecting the president, his relatives, and his businesses from pending audits and tax prosecutions.
Acting Attorney General Todd Blanche signed the one-page document, and said, the government would be “FOREVER BARRED and PRECLUDED from prosecuting or pursuing” pending tax claims against President Trump, his family members, and businesses. Tax experts and critics have since raised concerns that this is illegal.
Furthermore, Blanche’s document read:
- The Settlement Agreement in Trump v. Internal Revenue Service, No. 1:26-cv-20609 (S.D. Fla.), has created the Anti-Weaponization Fund (the “Fund”‘). The Settlement Agreement directed the Attorney General to issue an order establishing funding and any other relevant requirements for the Fund.
- Capitalized terms in this document shall have the same meaning as in the Settlement Agreement.
- The United States RELEASES, WAIVES, ACQUITS, and FOREVER DISCHARGES each of the Plaintiffs from, and is hereby FOREVER BARRED and PRECLUDED from prosecuting or pursuing, any and all claims, counterclaims, causes of action, appeals, or requests for any relief, including injunctive relief, monetary relief, damages, examinations or similar or related reviews, appeals, debt relief, costs, attorney’s fees, expenses, and/or interest, whether presently known or unknown, that-as of the Effective Date of the Settlement Agreement-have been or could have been asserted by Defendants against any of the Plaintiffs or related or affiliated individuals (including, without limitation, family or others filing jointly), or parties including trusts, parent, sister, or related companies, affiliates, and subsidiaries, by reason of, with respect to, in connection with, or which arise out of (1) any matters that were raised or could have been raised in the Case or the Pending Agency Claims; (2) Lawfare and/or Weaponization; or (3) any matters currently pending or that could be pending (including tax returns filed before the Effective Date) before Defendants or other agencies or departments.
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