Trump drops IRS lawsuit, gets billion-dollar 'victim's fund'
Key takeaways
- A new settlement will disburse $1.76 billion to victims of so-callled "lawfare," who were prosecuted under President Joe Biden.
- The IRS contractor plead guilty in 2023 to leaking the tax returns and was handed a five-year prison sentence.
- Although the leak occurred during his first term, Trump filed the lawsuit against the IRS after being sworn in for a second term, effectively suing an agency he oversees.
Why this matters: an international story with cross-border implications worth tracking.
A new settlement will disburse $1.76 billion to victims of so-callled "lawfare," who were prosecuted under President Joe Biden. Critics have said the move amounts to "outright corruption."
https://p.dw.com/p/5Dw Sw The IRS lawsuit arose from a former IRS contractor's leak of Trump's tax returns to media outlets Image: Kayla Bartkowski/Getty Images via AFPAdvertisement The White House announced on Monday that a settlement had been reached between the US Justice Department and the Internal Revenue Agency (IRS) over President Donald Trump's lawsuit, in which he sought a $10 billion (€8.5 billion) from the tax agency over a leak of his tax returns.
Trump, along with his adult sons Donald Trump Jr. and Eric Trump, and their business group, the Trump Organization, had sued the IRS in January, blaming the agency for not doing enough to prevent a former contractor from leaking their tax information to media outlets.