politics
Acting attorney general says Trump’s $1.8bn ‘anti-weaponization’ fund is scrapped
However, Todd Blanche said the IRS will still be prohibited from auditing Donald Trump, his family and related entities
TL;DR
- The federal government is no longer pursuing a $1.8bn fund for Trump allies.
- An agreement preventing the IRS from auditing Trump, his family, and related entities will remain.
- The fund was proposed to compensate individuals who felt the government was weaponized against them.
- Democrats and Republicans objected to the creation of the loosely controlled fund.
- Former IRS officials have stated that audit immunity agreements for presidents are not standard practice.
- Legal challenges had been raised, including a federal judge blocking action on the fund and another judge reopening the case related to the audit immunity agreement.
- Despite the fund's cancellation, individuals may still seek compensation through administrative claims.