FILE - US President Donald Trump speaks during a meeting with China's President Xi Jinping on the sidelines to their visit to Zhongnanhai Garden in Beijing on May 15, 2026. (Photo by Evan Vucci / POOL / AFP via Getty Images)
WASHINGTON - The U.S. government has agreed to permanently drop tax claims against President Donald Trump, his sons and the Trump organization "forever."
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The agreement is part of a settlement deal to resolve Trump’s $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns.
The agreement "forever barred and precluded" the U.S. government from examining or prosecuting Trump, his sons and the Trump organization’s current tax issues.
According to a separate settlement agreement posted to the DOJ website Monday, Trump will receive a formal apology from the U.S. government but "will not receive any monetary payment or damages of any kind," from the settlement.
The ‘Anti-Weaponization Fund’
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The Trump administration announced Monday the creation of a nearly $1.8 billion fund to compensate allies of the Republican president who believe they have been unjustly investigated and prosecuted, an arrangement that Democrats and government watchdogs derided as "corrupt" and unconstitutional.
The "Anti-Weaponization Fund" of $1.776 billion, will allow people who believe they were targeted for prosecution for political purposes, including by the Biden administration Justice Department, to apply for payouts, creating what acting Attorney General Todd Blanche called "a lawful process for victims of lawfare and weaponization to be heard and seek redress."
Blanche also said on Tuesday he would not rule out the possibility that people who were involved in the deadly Jan. 6, 2021, riot at the U.S. Capitol will be considered for payouts from the new fund.
The Source: Information for this article was taken from The Associated Press. This was reported from San Jose.