compensation fund

Trump Halts $1.776 Billion Fund Amid Widespread Backlash

Acting Attorney General Todd Blanche faced a hostile reception from Senate Republicans during a briefing on a proposed $1.776 billion compensation fund. Senator Ted Cruz described the meeting as one of the roughest he had witnessed, with numerous senators expressing intense opposition to the plan. This bipartisan backlash, including criticism from former Vice President Mike Pence, ultimately led the White House to abandon the initiative. The fund, intended to compensate alleged “victims” of the Biden administration, was also temporarily blocked by a federal judge prior to the White House’s decision to drop the plan.

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Trump Drops $10 Billion IRS Lawsuit Amid Settlement Rumors

President Donald Trump, his sons, and The Trump Organization have voluntarily dismissed their $10 billion lawsuit against the Internal Revenue Service. This move, filed with prejudice, prevents them from refiling the same claims and comes amid reports of potential government negotiations to compensate individuals alleging wrongful treatment by the Biden administration. Critics, including Senators Elizabeth Warren and Ron Wyden, have decried the dismissal as a step toward creating a “slush fund” of taxpayer dollars for political allies. The lawsuit stemmed from the leak of Trump’s tax information in 2019 and 2020 by an IRS employee.

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Trump Payout Scheme for Allies Mirrors Proposed J6 Compensation Fund

The reported plan for President Trump to settle a lawsuit against his own administration by establishing a $1.7 billion compensation fund for political allies may be influenced by attorney Mark McCloskey. McCloskey, who gained notoriety for brandishing a rifle at protesters, now represents hundreds of January 6th rioters and has been advocating for such a fund. This proposed settlement, which would allegedly allow Trump control over the fund’s oversight commission, has drawn significant criticism from Democrats who decry it as a “slush fund” for insurrectionists. Republicans in Congress have largely remained silent on the matter, though House Speaker Mike Johnson previously expressed reservations about payouts for January 6th rioters.

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