"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 individ"
"The president sued the IRS in January after a contractor at the agency leaked his tax returns in 2019 and 2020. His sons Donald Trump Jr. and Eric Trump, who run the Trump Organization, are also suing. Based on the leaks, the Times reported in 2020 that the billionaire president paid just $750 in income tax in 2016 and in 2017."
"The leaks came from Charles Littlejohn, a former IRS contractor who worked for Booz Allen. He pleaded guilty to unauthorized disclosures of tax returns and was sentenced in 2024 to the maximum of five years. On Tuesday, The New York Times reported that the Department of Justice, which is representing the IRS in the case, has been holding internal discussions about settling the lawsuit."
Trump is expected to withdraw a $10 billion lawsuit against the Internal Revenue Service in return for a $1.7 billion compensation fund. The fund would pay claims from people who say they were wrongfully targeted through legal system actions attributed to the Biden administration. The proposed settlement would be overseen by a commission with authority to distribute about $1.7 billion in taxpayer funds. The claims could include nearly 1,600 individuals charged or convicted in connection with the Jan. 6 Capitol riot. The IRS case began after leaked tax returns from 2019 and 2020, tied to a former IRS contractor who pleaded guilty to unauthorized disclosures and was sentenced in 2024. Trump and his sons are also suing the IRS based on the leaks.
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