Donald Trump may agree to drop his massive $10bn lawsuit against the Internal Revenue Service in exchange for the launch of a $1.7bn fund to compensate people he says were wrongfully targeted by the Biden administration, according to reports.<\/p>\n
The case is the latest example of how Trump has taken over the justice department \u2013 which typically operates at arm\u2019s length from the White House \u2013 and deployed it for his own ends.<\/p>\n
Among other people, more than 1,500 January 6 rioters would be eligible to receive compensation from the fund, ABC said. The treasury department\u2019s Judgment Fund, a pool of taxpayer funds reserved to pay out court judgments and settlements, would allegedly become the vehicle for Trump\u2019s self-styled victim compensation fund.<\/p>\n
Trump may settle his lawsuit against IRS for $1.7bn fund to compensate allies<\/p>\n
Under the terms of settlement deliberations, Trump is also allegedly asking the IRS to issue a public apology for the disclosure of his personal financial records, and to waive an IRS audit of Trump, his family and his businesses. The White House did not immediately respond to a request for comment.<\/p>\n
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