Trump poised to drop IRS suit, launch $1.7B 'weaponization' fund for allies: Sources
President Donald Trump is expected to drop his $10 billion lawsuit against the Internal Revenue Service in exchange for the creation of a $1.7 billion fund to compensate allies who claim they were wrongfully targeted by the Biden administration, sources familiar with the matter told ABC News.
The commission overseeing the compensation fund would have the total authority to hand out approximately $1.7 billion in taxpayer funds to settle claims brought by anyone who alleges they were harmed by the Biden administration's "weaponization" of the legal system, including the nearly 1,600 individuals charged in connection with the Jan. 6 Capitol attack as well as potentially entities associated with President Trump himself.
While the settlement is expected to be agreed upon in the coming days, sources caution that the final terms will not be set until they are officially announced.
The proposed fund -- which could face significant legal hurdles -- would draw money from the Treasury Department's Judgment Fund, a permanent appropriation used by the federal government to pay court judgments and settlements, sources said.
The arrangement would be an unprecedented use of taxpayer dollars with little oversight. Under the terms of the potential settlement agreement, President Trump would have the authority to remove members of the commission running the fund without cause, and the commission would be under no obligation to disclose its procedures or decision-making process for awarding more than a billion dollars, the sources said.
President Trump is expected to drop his $10 billion IRS suit in exchange for the creation of a $1.7 billion fund for victims of governmental "weaponization," sources say.
abcnews.com
As the article indicates, this isn't a done deal yet. But for the purposes of discussion let's assume it does happen.
For starters, surely trump fans will agree with me he never should put himself in a position where he is suing the government he runs. He's essentially the plaintiff and the defendant in a case over which he controls the judge and jury. It's ridiculously corrupt. As is the idea he should be given what he originally asked for,
$10B, over the embarrassment he suffered from the public learning about his $1B loss from being a failed businessman.
Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses
Newly obtained tax information reveals that from 1985 to 1994, Donald J. Trump’s businesses were in far bleaker condition than was previously known.
www.nytimes.com
I guess he's hoping the public will see him
only getting $1.7B as a gracious compromise..........with himself. That seems to be a stretch since he will have total control over what amount of a $1.7B slush fund he can use to, for example, pay people who brutally beat Capital police officers on Jan. 6. Or perhaps his co-defendants in the cases brought by Jack Smith will be the beneficiaries of his largesse.
I just know, deep down, no matter how much affection you folks have for trump and how much animosity you have towards me, you agree this is wrong. Right?