Skip to content
← Back to feed
Elizabeth Warren (D-MA)
Elizabeth Warren
Democrat·Massachusetts

Warren, Wyden Grill IRS on "Outrageously Corrupt" Trump Settlement, Press Independent Watchdog to Immediately Open Investigation

Skip to primary navigation Skip to content × Close Mobile Nav About About Elizabeth Committee Assignments About Massachusetts Voting Record Contact Share Your Opinion Help with a Federal Agency Office Locations Send me Updates Share Your CFPB Story Save Our Schools Services Help with a Federal Agency Return to Repayment Guide Visiting DC/Tours Flag Request Internships Meeting Requests Academy Nominations Special Recognitions Grants Small Businesses Veterans, Servicemembers and Military Families FY2027 National Defense Authorization Act Requests FY 2027 Appropriations Requests Oversight Reports Letters Social Security War Room Save Our Schools Campaign Legislation Newsroom News Coverage Press Releases Op-Eds Videos × Close Site Search search Elizabeth Warren Senator Elizabeth Warren's Facebook Page (This link opens in new window or tab.) Senator Elizabeth Warren's BlueSky (This link opens in new window or tab.) Senator Elizabeth Warren's Twitter (This link opens in new window or tab.) Senator Elizabeth Warren's Youtube (This link opens in new window or tab.) Senator Elizabeth Warren's Instagram (This link opens in new window or tab.) About About Elizabeth Committee Assignments About Massachusetts Voting Record Contact Share Your Opinion Help with a Federal Agency Office Locations Send me Updates Share Your CFPB Story Save Our Schools Services Help with a Federal Agency Return to Repayment Guide Visiting DC/Tours Flag Request Internships Meeting Requests Academy Nominations Special Recognitions Grants Small Businesses Veterans, Servicemembers and Military Families FY2027 National Defense Authorization Act Requests FY 2027 Appropriations Requests Oversight Reports Letters Social Security War Room Save Our Schools Campaign Legislation Newsroom News Coverage Press Releases Op-Eds Videos Español Close Search Open Search Popup Popup Search Close Search Popup MENU Senator Elizabeth Warren's Facebook Page (This link opens in new window or tab.) Senator Elizabeth Warren's BlueSky (This link opens in new window or tab.) Senator Elizabeth Warren's Twitter (This link opens in new window or tab.) Senator Elizabeth Warren's Youtube (This link opens in new window or tab.) Senator Elizabeth Warren's Instagram (This link opens in new window or tab.) Home Newsroom Press Releases May 22, 2026 Warren, Wyden Grill IRS on "Outrageously Corrupt" Trump Settlement, Press Independent Watchdog to Immediately Open Investigation New settlement terminates all pending audits of Trump, his family, and businesses, creates $1.8 billion taxpayer-funded slush fund for Trump allies Senators open probe into whether agreement breaks federal laws or is consistent with IRS procedures “(The settlement) essentially (makes) it official United States government policy that President Trump, his family, and many other allies are above the law.” Text of Letter to Admin (PDF) / Text of Letter to TIGTA (PDF) Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and Ron Wyden (D-Ore.), Ranking Member of the Senate Finance Committee, demanded answers from Treasury Secretary Scott Bessent and Internal Revenue Service (IRS) CEO Frank Bisignano on the “outrageously corrupt settlement agreement” that the Treasury Department and IRS recently entered into with President Trump. The lawmakers also wrote to the U.S. Treasury Inspector General for Tax Administration (TIGTA), requesting that the IG immediately open an investigation into this untrammeled corruption. “Through this settlement, you and the President have created a nearly $1.8 billion taxpayer-funded slush fund for the President’s political allies, including potentially the January 6th insurrectionists…essentially making it official United States government policy that President Trump, his family, and many other allies are above the law,” wrote the lawmakers. Earlier this year, President Trump sued Treasury and the IRS for $10 billion over leaks of his tax information which occurred during his first term, creating an unprecedented situation where the President acted as plaintiff while wielding authority over the defendants. This week, in exchange for President Trump dropping the lawsuit, the Department of Justice (DOJ) reached an agreement with Treasury and the IRS establishing a nearly $1.8 billion “Anti-Weaponization Fund” for so-called victims of “weaponization” of the federal government. Multiple Trump administration officials have suggested that January 6th insurrectionists could be eligible for payouts from this fund. “This agreement appears to be a brazen scheme to corruptly dole out taxpayer money to President Trump’s allies and violent insurrectionists,” wrote the lawmakers. “There appears to be no binding limitation that would prevent the President and his family from dipping into the settlement fund for as much money as they want.” Just one day after the settlement agreement was announced, DOJ issued an addendum requiring the IRS to permanently drop

Source: https://www.warren.senate.gov/newsroom/press-releases/warren-wyden-grill-irs-on-outrageously-corrupt-trump-settlement-press-independent-watchdog-to-immediately-open-investigation
Captured:
Last seen live:
Record ID: 33f68037-73e6-46b0-a6bb-4dce2f08e71b

Issued within 24 hours

Other senators' releases published in the day before or after this one.