Donald Trump responded on Friday to criticism of the settlement concluded with his own administration. In an entry on his social media platform, Truth Social, the US president stated that by withdrawing the lawsuit in which he demanded $10 billion. compensation for the disclosure of tax returns by an IRS employee, he renounced his “fortune”.
“I could have settled my case, including the illegal disclosure of my tax returns and the equally illegal Mar-a-Lago break-in, for an absolute fortune. Instead, I am helping others who have been so cruelly wronged by a vile, corrupt […] Joe Biden's administration to finally get justice,” he wrote.
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Donald Trump reached a settlement with the IRS. Storm among congressmen
The matter of the lawsuit and the creation of the fund aroused great controversy in Washington. Democrats in Congress describe the new creation as a “corruption fund” through which the president intends to pay public money to his allies, as well as, among others, participants of the storming of the Capitol. Representatives of the White House, including Donald Trump himself, did not rule out that the funds would go to people who attacked police officers protecting the US Parliament building. Vice President JD Vance assured that the money would not go to Donald Trump and his family, although the president himself had not ruled it out earlier.
As reported by The Hill, the case also sparked outrage among ruling party politicians. A number of Republican congressmen and senators have publicly criticized the White House. The idea was also opposed by the party's leader in the Senate, John Thune, who admitted that he was not a “big fan” of the fund. Republican congressman Brian Fitzpatrick, in turn, introduced a bill that would prohibit the payment of money.
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Donald Trump withdrew the lawsuit. A special fund will be established
According to the agreement, in exchange for withdrawing the lawsuit against the IRS for disclosing his tax data, a company worth $1.776 billion was created. a fund for “victims” of unfair treatment by the justice system under Joe Biden. Disbursements from the fund will be decided by a committee staffed mostly by the White House.
As part of the settlement, Donald Trump dropped his lawsuits against the IRS for leaking his 2019 and 2020 tax returns while in office and dropped his claims for damages for an FBI search of his Mar-a-Lago estate in Florida amid an investigation into his withholding of secret documents. In return, there was a commitment from the tax authorities that the tax returns of Donald Trump, his family and his company will never be subject to audits.
Information about who will receive funds from the fund will be made by a five-person commission, four of which will be chosen by the president himself. Information about who receives the money is to be kept confidential.
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