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The Economic Times
The Economic Times

Trump’s $1.776 billion IRS settlement sparks debate as critics question legality of the compensation fund

Opponents of President Donald Trump's sweeping legal settlement with the U.S. Internal Revenue Service will face high hurdles in challenging its $1.776 billion fund for victims of alleged political "weaponization" and its provision barring audits ​of his taxes, according to legal experts.

Congressional Democrats derided the so-called Anti-Weaponization Fund as a ​slush fund to steer taxpayer dollars to Trump's political allies, while watchdog groups called the tax immunity agreement illegal. Even some Republicans expressed qualms. Senate Majority Leader ​John Thune, for instance, said he was "not a big fan" of the plan.

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