Trump Gets $1.8 Billion Payday With ‘Anti-Weaponization’ Fund As He Drops IRS Case
Key takeaways
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- Williams would be unable to stop any private transactions between Trump and the IRS from taking place after the case has been dropped, even if she were to determine the lawsuit was invalid to begin with.
- ABC previously reported that Trump was seeking the $1.7 billion fund in exchange for dropping not only his IRS lawsuit, but also other ongoing claims against the government.
Learn more.This voice experience is generated by AI. Learn more.Topline President Donald Trump voluntarily dropped his $10 billion against the IRS on Monday in exchange for a $1.8 billion “anti-weaponization” fund that is expected to pay out money to Jan. 6 rioters, a broadly controversial move that’s already drawn widespread outrage from Democrats and ethics experts.
President Donald Trump speaks to reporters aboard Air Force One on May 15.Copyright 2026 The Associated Press. All rights reserved.Key FactsTrump filed a notice with the court Monday saying he had voluntarily dismissed his $10 billion lawsuit against the IRS, which alleges the IRS failed to properly protect his tax returns after a contractor passed details of the president’s taxes on to news outlets.
While that filing did not mention a settlement, the Justice Department filed a notice Monday announcing the creation of a new $1.776 billion “Anti-Weaponization Fund” as part of settling the case, confirming reporting from ABC News last week that Trump intended to settle in exchange for the government creating a fund for those who claimed they were unfairly punished by the Biden administration—including Jan. 6 rioters.