President Trump, along with his family and businesses, will not face any ongoing tax audits due to a recent settlement with the Justice Department.
Acting Attorney General Todd Blanche put his signature on this provision on Tuesday, while the $1.7 billion fund aimed at preventing the weaponization of government was enacted the day before.
This provision specifically bars the Internal Revenue Service from pursuing current tax claims against Trump and his family.
The settlement will allow certain individuals, referred to as “legal victims,” to receive payments, including Hunter Biden.
However, this only addresses existing audits; future tax inquiries are not covered, according to a source from the Justice Department.
“In settlements like this, both sides usually waive any current or potential claims,” the official explained.
They added, “It wouldn’t make sense to resolve significant cases if one side could easily bring forth less favorable claims afterward.”
While Trump and his sons, Don Jr. and Eric, won’t gain any financial benefits, they will receive a formal apology from the government.
In exchange, the Trump family will withdraw grievances related to a search warrant executed at Mar-a-Lago in August 2022, as well as the FBI investigation into alleged collusion with Russia during the 2016 campaign.
This comes after the Trumps filed a $10 billion lawsuit against the IRS in January for reportedly leaking tax returns from the Trump Organization.
This situation follows the guilty plea of former IRS contractor Charles “Chaz” Littlejohn, who admitted to leaking tax information to the New York Times and ProPublica almost three years ago.
Acting Attorney General Blanche noted on Tuesday that while this agreement might seem “unusual,” it isn’t without precedent.
The five commissioners appointed by Blanche will be tasked with determining how to allocate taxpayer funds to those affected by “legal acts” and politically charged prosecutions, which Trump officials claim largely emerged during the Biden presidency.
Interestingly, Hunter Biden is among those who qualify for relief.
It’s still uncertain whether President Biden will have any role in selecting the commissioners for the fund.
