politics @lemmy.worldEnglish · 2 days ago

Trump still protected from tax enforcement, but anti-weaponization fund is dead, Blanche says

www.cnbc.com

Trump still protected from tax enforcement, but anti-weaponization fund is dead, Blanche says

www.cnbc.com

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politics @lemmy.worldEnglish · 2 days ago

The DOJ's $1.8 billion fund faced strong criticism because it could have compensated people convicted of crimes related to the Jan. 6, 2021, U.S. Capitol Riot.

The Department of Justice has permanently abandoned plans for a $1.8 billion anti-weaponization compensation fund created to settle a lawsuit by Donald Trump against the Internal Revenue Service, acting Attorney General Todd Blanche testified to a House panel on Tuesday.

But Trump, his family members and related business entities remain protected from tax audits and enforcement actions in connection with tax returns filed before last month’s out-of-court settlement of his lawsuit, Blanche told the House Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies.

Blanche, who previously served as Trump’s criminal defense attorney, personally signed off on the DOJ’s May 19 addendum to the settlement of the lawsuit that gave Trump and his family that protection, a day after the deal was announced.

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Mr. President you are free to enrich yourself from our Federal Coffers as much as you like, but we can’t have the poors thinking they’ll get a payout.

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