President Donald Trump’s planned “Anti-Weaponization Fund” may have been put on pause, but Bloomberg reports “US officials are continuing with” a provision that would “[bar] the government from probing” the president’s past tax filings.
Monday, Axios’ Marc Caputo reported that “the Trump administration plans to drop its controversial $1.8 billion ‘weaponization’ fund.” The fund was created by the Department of Justice after Trump dropped a $10 billion lawsuit against the IRS. A source told Caputo the deal is “dead for now.”
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But, according to Bloomberg, that doesn’t extend to a subset of the agreement that barred “any audits and tax-related probes of Trump, his family members and his companies that were started before the settlement,” a person familiar with the matter told Bloomberg.
Trump’s fund was mired in controversy and became a “political lighting rod for some Republican lawmakers,” Bloomberg reports.
Last week, a judge temporarily halted the fund after 35 former federal judges demandeddemanded a reinvestigation of Trump’s suit, arguing “the court was deceived” by the Department.
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“The purported ‘settlement’ that was publicly disclosed after this court dismissed this matter raises profound questions about the parties’ candor toward the court and manipulation of the judicial system, which threatens to undermine confidence in the administration of justice,” the former judges’ legal team argued.
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