Trump says he may release his tax returns after IRS deal
AP News • • nation
Key Points:
- President Donald Trump indicated he might release his current tax returns following a legal settlement with the Justice Department that permanently drops tax claims against him, his family, and associates.
- The settlement resolves Trump’s $10 billion lawsuit against the IRS over a leak of his tax returns and bars the government from pursuing ongoing tax audits of Trump and related parties, though future audits are not affected.
- The Justice Department also established a $1.776 billion fund to compensate Trump allies who claim they were unjustly investigated, a move criticized by Democrats and watchdogs as potentially corrupt and unconstitutional.
- Despite Trump's past promises to release his tax returns, often contingent on the conclusion of audits, he has repeatedly reneged on these commitments throughout his presidency.
- The White House has not provided a specific timeline for the release of Trump’s tax returns, referring inquiries to the president’s recent comments.