Trump says anti-weaponization fund in IRS settlement is ‘dead’ even as he defends it
Summary
President Donald Trump said his $1.8 billion fund to compensate political allies targeted by the Justice Department is no longer going forward, but he continued to support the idea. Republican Senators John Cornyn and Thom Tillis are blocking the confirmation of Trump’s attorney general nominee until they get a written promise that the fund will end.Key Facts
- President Trump announced the anti-weaponization fund, intended to compensate some prosecuted individuals, is "dead."
- Trump still expressed support for compensating those affected by Justice Department actions.
- Senators John Cornyn (Texas) and Thom Tillis (North Carolina) are withholding support for Todd Blanche’s nomination as attorney general.
- Cornyn and Tillis want a formal, written guarantee that the fund will not be created.
- Todd Blanche is currently acting attorney general and has been involved in talks with the senators.
- The fund is linked to a settlement and was seen as benefiting Trump’s political allies.
- Cornyn and Tillis also want clarity on tax audit protections for Trump and his family offered in the same settlement.
- Cornyn noted that tax audits might still apply to many Trump company subsidiaries despite claims of immunity.
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