Trump to create $1.776B ‘Truth and Justice’ fund to settle lawsuit with IRS: SourcesABC News has learned that President Donald Trump could settle a $10 billion lawsuit he brought against the IRS as early as Monday.
Attorneys representing President Donald Trump informed a federal judge in a court filing Monday that the president is dropping his $10 billion lawsuit against the Internal Revenue Service.
ABC News has reported that Trump was planning to drop the suit in exchange for the creation of a $1.776 billion compensation fund for those who allege they were wrongly targeted under the Biden administration.
Trump plans to drop his IRS suit in exchange for creation of $1.7B ‘Truth and Justice’ fund While Monday’s court filing makes no mention of the compensation fund or any settlement talks, Trump’s attorneys argue that because the case is in the early phases of litigation, Trump did not need to ask the court for permission to dismiss the case.
Trump sued the IRS after a government contractor pleaded guilty in 2023 to stealing the tax information of Trump and other wealthy Americans and leaking it to media outlets in 2019 and 2020
Trump sued the IRS after a government contractor pleaded guilty in 2023 to stealing the tax information of Trump and other wealthy Americans and leaking it to media outlets in 2019 and 2020.
