Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits
Bessent declined to address whether Trump, his family and businesses still have IRS audit protection as lawmakers pressed for answers on the disputed settlement.
- Treasury Secretary Scott Bessent refused on Wednesday to confirm whether President Donald Trump and his family retain IRS audit immunity, citing ongoing litigation during a Senate Finance Committee hearing.
- The administration recently abandoned a $1.776 billion compensation fund amid intense political backlash, raising questions about the related settlement resolving Trump's $10 billion lawsuit against the IRS.
- Sen. Ron Wyden demanded an explanation, asking Bessent, "Does the IRS audit immunity given to Trump, his family, and his businesses still stand?" Bessent declined to answer, citing the unresolved legal dispute.
- After several failed attempts to get answers, Sen. Catherine Cortez Masto called the refusal "outrageous," while a federal judge in Florida reopened Trump's lawsuit to address transparency concerns regarding the settlement.
- Acting Attorney General Todd Blanche previously stated "nothing has changed" regarding the immunity provision, though reports note a separate, long-standing audit of tax techniques could result in an estimated $100 million liability.
18 Articles
18 Articles
Inside the judicial revolt that exposed what Trump wanted buried
Trump didn’t drop his $1.8 billion slush fund because of political backlash. Worshipped by the nation’s lowest IQ foot soldiers and propped up by tax-and-regulation-averse donors no matter his crimes, Trump doesn’t care about the midterms because he doesn’t have to. If his suppression efforts fail, he’ll switch to intimidation. If masked goons don’t work, he’ll claim the results were ‘rigged.’ He may even succeed in manufacturing grounds for dec…
Scott Bessent's combative hearing results in tense stare-down with steaming lawmaker
Rep. Judy Chu (D-CA) had a stern response to Treasury Secretary Scott Bessent on Thursday during a congressional hearing after he attempted to dodge her question.Bessent was testifying before the House Ways and Means Committee when Chu directly asked him if he had the same thoughts as President Dona...
Scott Bessent Straight Up Asks House Democrat to Say Sorry to Trump: ‘I Have Nothing to Apologize to This President For!’
Treasury Secretary Scott Bessent straight up asked Rep. Brad Schneider (D-IL) if he wanted to offer an apology to President Donald Trump during a heated back-and-forth at a Thursday House hearing. Schneider and others pressed Bessent on inflation, the ongoing Iran conflict, rising fuel prices, and Americans’ confidence in the state of the economy. Bessent argued that core inflation is in a better position than when Trump first took office in a f…
Treasury Secretary Sidesteps Questions on Trump IRS Audit Deal After DOJ Signals Protections Still Stand
The Acting AG said on Wednesday that the administration was abandoning plans for a $1.8 billion "Anti-Weaponization Fund" but suggest IRS audit protections for Trump remained intact
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