Donald Trump Settles Lawsuit With Himself, Dodges Potential $100 Million Audit
President Donald Trump has secured a significant settlement, gaining immunity from tax audits that could have cost him $100 million. The agreement, authored by acting attorney Todd Blanche, who also serves as Trump's personal attorney, was reached as part of a controversial settlement that avoided a transfer of Treasury funds to Trump.
The settlement came a day after the Department of Justice agreed to create a $1.8 billion fund that would benefit Trump's allies. However, following political backlash, including from Republicans, the fund's creation has been put on hold. Blanche announced that the fund would not move forward, but litigation questioning its legality continues.
A judge has extended an indefinite block on the fund, but Trump's tax deal remains in place. The development is the latest in a series of events that began with Trump's lawsuit against the IRS and Department of Treasury in January, seeking $10 billion over the leak of his tax returns.
The case has raised questions about its legitimacy, given that Trump was on both sides of the lawsuit. Despite this, a settlement was reached, which included the release from tax liability for Trump and his family. The move has been criticized, with 35 former federal judges calling for the case to be reopened and two police officers filing a lawsuit against the fund, alleging presidential corruption.
The settlement came a day after the Department of Justice agreed to create a $1.8 billion fund that would benefit Trump's allies. However, following political backlash, including from Republicans, the fund's creation has been put on hold. Blanche announced that the fund would not move forward, but litigation questioning its legality continues.
A judge has extended an indefinite block on the fund, but Trump's tax deal remains in place. The development is the latest in a series of events that began with Trump's lawsuit against the IRS and Department of Treasury in January, seeking $10 billion over the leak of his tax returns.
The case has raised questions about its legitimacy, given that Trump was on both sides of the lawsuit. Despite this, a settlement was reached, which included the release from tax liability for Trump and his family. The move has been criticized, with 35 former federal judges calling for the case to be reopened and two police officers filing a lawsuit against the fund, alleging presidential corruption.
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