Trump's Deal With His Administration Also Ends His Tax Audits

[question everything]

Source: WSJ

WASHINGTON—President Trump’s extraordinary agreement with the federal government expanded Tuesday to end all pending tax audits of him and his businesses, according to a document posted by the Justice Department.

In the document, signed by Acting Attorney General Todd Blanche, the government said it would be “FOREVER BARRED and PRECLUDED” from pursuing certain claims against Trump, his businesses and family members. The agreement specifically blocks the government from taking any action regarding tax returns that already have been filed.

That agreement extends the settlement announced Monday, in which the government agreed to create a $1.8 billion fund to compensate people who claim to have been victims of so-called weaponization by the government, a move that could lead to payouts to Trump allies.

(snip)

The president received no direct financial payout from the settlement, and Blanche told senators at a hearing Tuesday that Trump wouldn’t get money from the fund. Ending the audits, however, could bring a significant financial benefit to the billionaire president and his family.


Read more: https://www.wsj.com/politics/policy/government-deal-with-trump-expands-to-end-tax-audits-aad8f2bc

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[progressoid]

1. ...

[Midnight Writer]

2. I picture him collecting little Monopoly cards printed Get Out of Jail Free.

Gotta Get Them All!

[pat_k]

3. I'm shocked! Shocked...

[summer_in_TX]

4. He thinks he has outwitted everyone who can hold him accountable. WRONG!

Each state has its own sovereign authority to prosecute anyone who commits a crime within that state.

I look forward to the day when he and his regime are convicted and imprisoned. The pendulum will swing, is already swinging.

[thesquanderer]

7. If can twist something into an "official duty," hasn't the supreme court given him immunity from prosectution...

...even by the states?

[cstanleytech]

5. It should be invalidated as he's the boss giving himself immunity to being audited.

[Envirogal]

6. What good is an audit of this criminal's taxes?

If the IRS hasn’t found tax evasion issues after all these many years, then there is a major flaw in their audit process anyway.

He should be fine with it since “the audit” allowed him to go back on his promise to release his taxes after “the audit” was over.

[Gary 50]

8. This is wonderful news!

For years he said he couldn't release his tax returns because he was being audited. Now he can finally release them! I expect them any day now or at worst in "two weeks."

[YodaMom2]

9. No direct payout from the settlement?

How about the waiving of tens of millions of taxes owed? He’s gettin’ paid, alright…

[republianmushroom]

10. Remember that old myth, "no one is above the law". wink wink chuckle chuckle

[tclambert]

11. I remember my grade school teachers proudly saying that about America.

Recently I brought that memory up with a modern day educator, and he laughed his ass off.

[republianmushroom]

13. He has reason to laugh. IMO

[tclambert]

12. So what will his new excuse be for not releasing his tax returns?

Oh, I know! Invade Cuba.

[mitch96]

14. Adolph Hitler did the exact same thing. Hitler was a chronic tax evader who accumulated vast secret wealth.

By the time he became Chancellor in 1933, he owed the German state over 400,000 Reichsmarks—equivalent to millions of dollars today. Once in power, he used dictatorial authority to erase his debt and grant himself complete tax exemption.
History repeating it's self... It's a dictator thing...
m

[mdbl]

15. The US government is run by disgusting criminals with the help of the GOP Congress and Senate.