Trump, in court filings, says he plans to drop his $10B lawsuit against IRS
Donald Trump has announced plans to drop his $10 billion lawsuit against the IRS. In exchange, he is seeking the establishment of a $1.776 billion compensation fund for individuals he claims were unfairly targeted by the Biden administration. This development was communicated to a federal judge by Trump's attorneys and the Department of Justice.
- ▪Trump plans to drop his $10 billion lawsuit against the IRS.
- ▪He is seeking a $1.776 billion compensation fund for alleged wrongful targeting.
- ▪The announcement was made to a federal judge by Trump's legal team and the DOJ.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onTrump, in court filing, says he plans to drop his $10B lawsuit against IRSSources have said he plans to create a "weaponization" fund for allies.ByKatherine Faulders, Peter Charalambous, and Alexander MallinMay 18, 2026, 9:13 AM1:53President Donald Trump speaks to reporters aboard Air Force One, May 15, 2026, as he returns from a trip to Beijing, China.
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