WASHINGTON — Federal authorities have reached an agreement to permanently abandon tax claims related to President Donald Trump as part of a settlement resolving his $10 billion legal action against the Internal Revenue Service concerning the disclosure of his tax documents.
A settlement document posted on the Department of Justice website Tuesday indicates the federal government is “forever barred and precluded” from reviewing or pursuing Trump, his sons, and the Trump organization regarding current tax matters.
On Monday, the Trump administration revealed the establishment of an approximately $1.8 billion compensation fund for supporters of the Republican president who feel they have been unfairly investigated and charged. Democrats and government oversight groups have criticized this arrangement as “corrupt” and violating constitutional principles.
The “Anti-Weaponization Fund,” totaling $1.776 billion, will enable individuals who believe they were singled out for criminal charges due to political motivations, including actions by the Biden administration Justice Department, to request compensation. Acting Attorney General Todd Blanche described this as “a lawful process for victims of lawfare and weaponization to be heard and seek redress.”
A separate settlement document released on the DOJ website Monday shows Trump will receive an official government apology but “will not receive any monetary payment or damages of any kind” from the resolution.
