Tag

Judgment Fund

All articles tagged with #judgment fund

politics1 month ago•4 min saved

Judgment Fund Keeps Jan. 6 Payouts Possible Without New Anti-Weaponization Fund

Even without the $1.776 billion anti-weaponization fund, the DOJ can still compensate Jan. 6 rioters through the Judgment Fund, a long-standing government mechanism for settlements. The administration says it isn’t moving forward with the new fund, but existing claims processes and lawsuits remain in play, with a June 12 hearing to determine next steps. Some settlements have already been paid, and critics warn the proposed fund could bypass Congress and politicize payouts.

via NBC News|

#congressional-oversight #doj #jan-6

politics1 month ago•7 min saved

Trump's $1.8B Anti-Weaponization Fund Could Trigger Big Tax Bills, Experts Warn

Tax experts say the $1.8 billion Anti-Weaponization Fund, run through the Treasury's Judgment Fund, could create new income-tax obligations for Trump even if the money ultimately goes to others. While Judgment Fund payments are generally taxable to litigants, the fund’s unusual structure risks treating Trump as the beneficiary and could mean taxes on disbursements or related gift taxes for recipients, with potential IRS scrutiny and little precedent to guide how these payments will be taxed.

via Politico|

#anti-weaponization-fund #jan-6 #judgment-fund

justice1 month ago•19 min saved

Tracing the money and mechanics behind Trump’s $1.8B payout fund

A Washington Post explainer outlines nearly $1.8 billion set aside to compensate people the administration says were wrongly investigated or prosecuted, clarifying how the fund would be financed (notably via the Judgment Fund), how payouts would be distributed, and the legal and transparency scrutiny it faces—including questions about whether Jan. 6 cases could be eligible.

via The Washington Post|

#donald-trump #judgment-fund #justice

politics1 month ago•9 min saved

Experts question legality and governance of Trump's $1.8B anti-weaponization fund

The DOJ’s plan to pay nearly $1.8 billion from the Judgment Fund to those alleging weaponization of the legal system has triggered questions about its legality, eligibility criteria, and oversight. Some experts say the fund can be legally authorized under the Judgment Fund, while others warn it bypasses Congress and lacks transparent rules, risking abuse. Lawmakers from both parties are pushing for safeguards, and lawsuits question who has standing to challenge the arrangement.

via CBS News|

#anti-weaponization-fund #congressional-oversight #judgment-fund

politics1 month ago•2 min saved

Trump weighs $1.7B victim fund to settle $10B IRS lawsuit via Judgment Fund

Trump is reportedly negotiating a settlement that would drop his $10B IRS lawsuit in exchange for creating a $1.7B fund (via the Judgment Fund) to compensate people he says were targeted by the Biden administration, potentially including more than 1,500 January 6 defendants; terms reportedly include an IRS audit waiver and a public apology, though the White House has not commented. The roundup also highlights other Trump-connected political moves and headlines.

via The Guardian|

#irs #january-6 #judgment-fund

politics1 month ago•5 min saved

Trump Eyes $1.7B Ally Fund Tied to IRS Settlement

Trump reportedly negotiates a settlement of his $10B suit against the IRS that would drop the case in exchange for creating a $1.7B fund from the Judgment Fund to compensate people he says were targeted by the Biden administration, including over 1,500 January 6 participants. Critics warn it could serve as a slush fund for allies and reflect improper presidential influence over the DOJ; legal groups warn of a collusive settlement, while the court has asked for briefs by May 20. If fully paid, the settlement would substantially boost Trump’s net worth and set a troubling precedent for taxpayer funds.

via The Guardian|

#irs #january-6 #judgment-fund

energy-policy3 months ago•10 min saved

Wind-payout drama: Trump-era deal with TotalEnergies draws legal fire

The Interior Department plans to reimburse TotalEnergies about $1 billion in 2022 offshore-wind lease fees in exchange for abandoning U.S. offshore wind projects and investing in fossil-fuel infrastructure, a move that raises questions about the department’s authority to issue refunds and could face legal challenges from states and affected communities; the funds would likely come from the Judgment Fund since there’s no clear statutory process for such reimbursements.

via Canary Media|

#bureau-of-ocean-energy-management #energy-policy #interior-department