Trump news at a glance: billions of taxpayer dollars could go to president and his allies in unprecedented move
Donald Trump is proposing a $1.7 billion fund to compensate individuals he claims were wrongfully targeted by the Biden administration. This fund could potentially be financed through a settlement of his $10 billion lawsuit against the IRS. The proposal raises concerns about the use of taxpayer funds for personal and political purposes.
- ▪Trump may drop his lawsuit against the IRS in exchange for the compensation fund.
- ▪The fund would reportedly benefit over 1,500 individuals involved in the January 6 Capitol riots.
- ▪Trump is also seeking a public apology from the IRS and a waiver for an audit of his finances.
Opening excerpt (first ~120 words) tap to expand
The US president, Donald Trump, wants to launch a $1.7bln fund to compensate his allies. Photograph: Eric Lee/EPAView image in fullscreenThe US president, Donald Trump, wants to launch a $1.7bln fund to compensate his allies. Photograph: Eric Lee/EPATrump administration briefingTrump administrationExplainerTrump news at a glance: billions of taxpayer dollars could go to president and his allies in unprecedented moveIf case is settled for full amount Trump is requesting, a $10bn payment would more than double his family’s net worth – key US politics stories from Saturday, 16 May at a glanceGuardian staffSat 16 May 2026 20.33 EDTLast modified on Sat 16 May 2026 20.35 EDTSharePrefer the Guardian on GoogleDonald Trump may agree to drop his massive $10bn lawsuit against the Internal Revenue…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Guardian — US.
Discussion
0 commentsMore from The Guardian — US
