Story perspectives

AG Blanche Preserves $1.8B Trump Tax Shield, Abandons Fund

7/16/2026

Summary

Story summary

Attorney General Todd Blanche announced a settlement that shields President Donald Trump and his relatives from tax liability, preserving the $1.8 billion agreement.
A federal judge called President Donald Trump’s Internal Revenue Service (IRS) lawsuit a pretext lacking legal basis, with the Justice Department not contesting the $10 billion damages claim that was filed beyond the statute of limitations.
Blanche abandoned the Anti-Weaponization Fund two weeks after announcing it, after bipartisan backlash.

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Story summary

Attorney General Todd Blanche announced a settlement that shields President Donald Trump and his relatives from tax liability, preserving the $1.8 billion agreement.
A federal judge called President Donald Trump’s Internal Revenue Service (IRS) lawsuit a pretext lacking legal basis, with the Justice Department not contesting the $10 billion damages claim that was filed beyond the statute of limitations.
Blanche abandoned the Anti-Weaponization Fund two weeks after announcing it, after bipartisan backlash.