WASHINGTON, May 22 -- Sen. Jack Reed issued the following press release:
After the Trump Administration announced that President Trump is "settling" a lawsuit and attempting to grant himself control of a $1.776 billion non-transparent slush fund, paid for by U.S. taxpayers, the New York Times (https://www.nytimes.com/2026/05/19/admin/irs-trump-lawsuit-deal.html) reported that Internal Revenue Service (IRS) officials prepared a previously undisclosed 25-page document outlining critical flaws with the settlement.
According to the reporting, lawyers at the Department of Justice (DOJ), which represents the IRS in court, "struggled with whether they could oppose a lawsuit filed by Mr. Trump." The DOJ reportedly did not dispute any of the claim...