Trump Drops $10B IRS Lawsuit As Democrats Freak Out Over Possible Settlement Fund
Donald Trump has dropped his $10 billion lawsuit against the IRS regarding the leak of his tax returns. This decision coincides with the announcement of a $1.7 billion fund aimed at compensating his allies who feel they were unfairly targeted by the Biden administration. Democrats have expressed strong opposition to the settlement fund, labeling it as corrupt and threatening legal action against it.
- ▪Trump dropped his lawsuit against the IRS that sought $10 billion in damages.
- ▪The Justice Department announced a $1.7 billion fund to compensate Trump's allies for perceived mistreatment.
- ▪Democrats, including Rep. Jamie Raskin, have criticized the settlement fund and threatened legal action against it.
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Updated: Trump Drops $10B IRS Lawsuit As Democrats Freak Out Over $1.7B Settlement Fund By Bob Hoge | 12:01 PM on May 18, 2026 The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. AP Photo/Susan Walsh, File UPDATE 5/18/26 12:05 pm ET: Minutes after publication of this article, new developments were announced — the settlement fund has been agreed to:WASHINGTON (AP) — The Trump administration on Monday announced the creation a $1.7 billion fund to compensate allies of the Republican president who believe they were mistreated by the Biden administration Justice Department.The “Anti-Weaponization Fund” was announced by the Justice Department as part of a deal to resolve President Donald Trump’s lawsuit against the Internal Revenue…
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