U.S. government to drop tax claims against Trump in broadening of IRS settlement
The U.S. government has decided to permanently drop tax claims against President Trump as part of a settlement related to a lawsuit over the leak of his tax returns. This settlement prohibits any further examination or prosecution of Trump and his family regarding current tax matters. Additionally, a new fund has been established to compensate individuals who believe they were unjustly targeted for prosecution, which has drawn criticism from various lawmakers and watchdogs.
- ▪The U.S. government will permanently drop tax claims against President Trump as part of a settlement.
- ▪The settlement bars any further examination of Trump and his family's tax matters.
- ▪A new fund of nearly $1.8 billion has been created to compensate individuals who believe they were unjustly investigated.
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National U.S. government to drop tax claims against Trump in broadening of IRS settlement May 19, 20268:20 PM ET By The Associated Press President Trump speaks about prescription drug prices in the South Court Auditorium in the Eisenhower Executive Office Building on the White House campus on Monday in Washington. Julia Demaree Nikhinson/AP hide caption toggle caption Julia Demaree Nikhinson/AP WASHINGTON — The U.S. government will permanently drop tax claims against President Trump, according to a settlement document made public Tuesday, in an extraordinary use of executive power that could effectively help shield the president from further examination of his finances and legal conduct.
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