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Democrats blast Trump over 'slush fund' in possible IRS lawsuit settlement

CNBC · May 15, 2026, 6:42 PM · Also reported by 1 other source

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  • Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee.
  • "This lawsuit has never been anything more than a shakedown of the American people by a crook president and his crook lawyers," Wyden said.

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Democratic lawmakers on Friday slammed the Trump administration over reports that President Donald Trump would drop his $10 billion lawsuit against the Internal Revenue Service in an exchange for what some called a $1.7 billion "slush fund."

"This administration is dripping with corruption from top to bottom, but rushing a settlement to steal $1.7 billion taxpayer dollars for a slush fund before a judge can toss your junk lawsuit would be among the most corrupt acts in American political history," Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee.

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