What happened
President Donald Trump’s controversial agreement with the Justice Department to set up a $1.8 billion fund for alleged “weaponization” victims was quietly expanded Tuesday to permanently bar the IRS from auditing Trump or his businesses. The one-page addendum, signed by acting Attorney General Todd Blanche, says the federal government is “FOREVER BARRED and PRECLUDED from prosecuting or pursuing” claims against Trump or “related or affiliated individuals.”
Who said what
Trump “received no direct financial payout” from the new fund, The Wall Street Journal said, but Tuesday’s “unprecedented blending of personal and governmental interests” between “Trump as a taxpayer and the Trump administration” could “bring a significant financial benefit to the billionaire president and his family.” The agreement “most likely wiped away” a long-running audit that could have cost Trump “more than $100 million,” The New York Times said, and “also puts an end to any other audit” pertaining to tax returns already filed. Trump set up a “slush fund to enrich his own friends,” Sen. Patty Murray (D-Wash.) said during a hearing with Blanche, and now he’s also “looting from the Treasury for his own gain.”
What next?
It’s uncertain “whether anyone would have standing to challenge the agreement in court,” the Journal said. “Congress could step in, but such a move likely would require Republican votes over Trump’s objections.”