Trump drops $10-billion lawsuit against IRS over leak of tax returns
President Donald Trump has withdrawn his $10-billion lawsuit against the IRS regarding the leak of his tax returns. The dismissal comes amid reports of a proposed fund to compensate his political allies who feel wronged by investigations. Critics warn that this fund could misuse taxpayer dollars and encourage unfounded claims of political persecution.
- ▪Trump's lawsuit was dismissed in federal court in Florida.
- ▪The proposed fund could amount to $1.7 billion for his political allies.
- ▪Democrats have criticized the fund as a corrupt misuse of taxpayer money.
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Open this photo in gallery:U.S. President Donald Trump on the South Lawn of the White House on May 15.ALEX WROBLEWSKI/AFP/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountPresident Donald Trump on Monday withdrew his US$10-billion lawsuit against the Internal Revenue Service over the leak of his tax returns amid reports that his administration was considering the creation of a fund to compensate his political allies who believe they have been wrongly investigated and prosecuted.Democrats and government watchdogs immediately pledged to fight what they called a “corrupt” and unprecedented resolution, warning that the arrangement would unjustly enrich people close to the president with taxpayer dollars and open the door to meritless claims of…
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