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Brief May 15, 2026 · 1:22 pm ET Source: The Bulwark

Trump and IRS Near Settlement Creating $1.7 Billion Discretionary Fund

The Trump administration is close to settling the president's $10 billion lawsuit against the IRS over leaked tax returns, with the expected deal centering on a $1.7 billion fund to compensate allies who claim they were wrongfully targeted by the Biden administration, according to ABC News. Commission members overseeing disbursements would serve at the president's discretion and could be removed without cause, with no required disclosure of decision-making, and entities associated with Trump would not be explicitly barred from filing claims against the fund.

Source: The Bulwark · link RuleofLawExecutiveCitizensUnited
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