In a Monday court filing, President Trump notified a federal judge that he plans to drop his $10 billion lawsuit against the Internal Revenue Service (IRS).
According to previous reporting, Trump will drop the lawsuit as part of a proposed deal that would create a massive compensation fund for political allies who claim they were targeted by the Biden administration, including Jan. 6 defendants
Under the proposed arrangement, first reported by ABC News, a newly created commission would oversee roughly $1.7 billion in taxpayer-funded payouts to individuals and organizations alleging they were victims of what Trump and his supporters have long described as the “weaponization” of the federal government.
This is a breaking news story. Please check back for updates.
