Trump still protected from tax enforcement, but anti-weaponization fund is dead, Blanche says
Key points
- The Department of Justice has permanently abandoned plans for a $1.8 billion Anti-Weaponization compensation fund created to settle a lawsuit by President Donald Trump against the Internal Revenue Service, Acting Attorney General Todd Blanche testified to a House panel on Tuesday.
- But Trump, his family members, and related business entities remain protected from tax audits and enforcement actions in connection with tax returns filed before last month's out-of-court settlement of his lawsuit, Blanche told the House Appropriations Subcommittee on Commerce, Justice, Science.
- Blanche, who previously served as Trump's criminal defense attorney, personally signed off on the DOJ's May 19 addendum to the settlement of the lawsuit that gave Trump and his family that protection, a day after the deal was announced.
- "We are not moving forward with the fund, period," Blanche told Rep.
- Grace Meng, D-N.Y., the ranking member of the subcommittee.
Quick Summary
The Department of Justice has permanently abandoned plans for a $1.8 billion Anti-Weaponization compensation fund created to settle a lawsuit by President Donald Trump against
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Trump still protected from tax enforcement, but anti-weaponi.
Key Takeaways
- The Department of Justice has permanently abandoned plans for a $1.8 billion Anti-Weaponization compensation fund created to settle a lawsuit by President Donald Trump against the Internal Revenue Service, Acting Attorney General Todd Blanche testified to a House panel on Tuesday.
- But Trump, his family members, and related business entities remain protected from tax audits and enforcement actions in connection with tax returns filed before last month's out-of-court settlement of his lawsuit, Blanche told the House Appropriations Subcommittee on Commerce, Justice, Science.
- Blanche, who previously served as Trump's criminal defense attorney, personally signed off on the DOJ's May 19 addendum to the settlement of the lawsuit that gave Trump and his family that protection, a day after the deal was announced.
- "We are not moving forward with the fund, period," Blanche told Rep.
- Grace Meng, D-N.Y., the ranking member of the subcommittee.
📌 Source: CNBC
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