Bennet Leads Subcommittee on Taxation and IRS Oversight Letter Demanding Answers on Agreement Shielding Trump, Family From IRS Audits
Pursuant to Senate Policy, petitions, opinion polls, and unsolicited mass electronic communications cannot be initiated by this office for the 60-day period immediately before the date of a primary or general election. Subscribers currently receiving electronic communications from this office who wish to unsubscribe may do so here . M About About Michael Legislation News Press Releases Social Media Newsletter Archive Services Priorities Top Issues Child Tax Credit Investing in Colorado Contact Map Español Acerca de Michael Escribe a Michael Prioridades Servicios Visitando D.C. Bennet Leads Subcommittee on Taxation and IRS Oversight Letter Demanding Answers on Agreement Shielding Trump, Family From IRS Audits Demands preservation of all related records, documents, and communications; notes potential violation of 26 U.S.C. § 7217 and 7122 Washington, D.C. — Colorado U.S. Senator Michael Bennet, Ranking Member of the Finance Committee’s Subcommittee on Taxation and IRS Oversight, led Democratic members of the Subcommittee in a letter to Treasury Secretary Scott Bessent and Internal […] Jun 3, 2026 | Press Releases Demands preservation of all related records, documents, and communications; notes potential violation of 26 U.S.C. § 7217 and 7122 Washington, D.C. — Colorado U.S. Senator Michael Bennet, Ranking Member of the Finance Committee’s Subcommittee on Taxation and IRS Oversight, led Democratic members of the Subcommittee in a letter to Treasury Secretary Scott Bessent and Internal Revenue Service (IRS) Chief Executive Officer Frank Bisignano demanding answers on the settlement addendum reached with President Trump that prevents the Department of Justice from bringing any action or pursuing any tax audit into previous returns filed by Trump, his family members, or affiliated companies. This week, Acting Attorney General Todd Blanche confirmed that this addendum remained in effect – an unprecedented agreement that appears to violate the law and longstanding policy. The letter was joined by Ranking Member of the Senate Finance Committee Ron Wyden (D-OR). In addition to Bennet and Wyden, Senators Mark R. Warner (D-VA), Sheldon Whitehouse (D-RI), Elizabeth Warren (D-MA), Bernard Sanders (D-VT), Ben Ray Luján (D-NM), and Raphael G. Warnock (D-GA) signed the letter. “We write to request urgent clarification from the Internal Revenue Service (IRS) regarding the recently released addendum settlement that precludes the Department of Justice (DOJ) from bringing any action or pursuing any tax audit into previous returns filed by Donald J. Trump, his relatives, or affiliated companies. This settlement is not only unprecedented, but also appears to violate the law and decades of policy prohibiting the White House from intervening in IRS audit decisions. This administration owes the American people a complete and transparent accounting of how this addendum settlement was ultimately conceived and approved,” said the lawmakers. “The terms of this addendum are shocking and require immediate explanation. Not only will taxpayers now be forced to pay monetary damages to an unclear set of individuals claiming unenumerated harms as part of the ‘Fund,’ but President Trump has appeared to shield himself, his relatives, and other affiliated interests from IRS audits into past tax returns – a grant of retrospective immunity that has never been offered to any individual in the history of the Internal Revenue Service,” continued the lawmakers. The lawmakers asked for answers regarding the conclusions reached by career civil servants, who reviewed the deal, if there was anything unusual about the deal, and what role politically-appointed staff had in the making of the deal between the IRS and President Trump. “While acting Attorney General Blanche has stipulated that neither Trump nor his family members will receive rewards from the ‘Anti-Weaponization Fund,’ a favorable resolution of pending audits and the limitation of future ones for past returns may prove especially lucrative. Reporting from 2024 suggested that a loss in a then-active IRS audit could cost President Trump more than $100 million. It remains unclear whether that examination has closed, or whether there are any other pending audits of President Trump, his family members or affiliated entities. The American people deserve immediate information explaining how this addendum agreement was conceived, drafted, and approved,” concluded the lawmakers. The text of the letter is available HERE and below. Secretary Bessent and Mr. Bisignano: We write to request urgent clarification from the Internal Revenue Service (IRS) regarding the recently released addendum settlement that precludes the Department of Justice (DOJ) from bringing any action or pursuing any tax audit into previous returns filed by Donald J. Trump, his relatives, or affiliated companies. This settlement is not only unprecedented, but also appears to violate the law and decades of policy prohibiting the White H
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Pursuant to Senate Policy, petitions, opinion polls, and unsolicited mass electronic communications cannot be initiated by this office for the 60-day period immediately before the date of a primary or general election. Subscribers currently receiving electronic communications from this office who wish to unsubscribe may do so here . M About About Michael Legislation News Press Releases Social Media Newsletter Archive Services Priorities Top Issues Child Tax Credit Investing in Colorado Contact Map Español Acerca de Michael Escribe a Michael Prioridades Servicios Visitando D.C. Bennet Leads Subcommittee on Taxation and IRS Oversight Letter Demanding Answers on Agreement Shielding Trump, Family From IRS Audits Demands preservation of all related records, documents, and communications; notes potential violation of 26 U.S.C. § 7217 and 7122 Washington, D.C. — Colorado U.S. Senator Michael Bennet, Ranking Member of the Finance Committee’s Subcommittee on Taxation and IRS Oversight, led Democratic members of the Subcommittee in a letter to Treasury Secretary Scott Bessent and Internal […] Jun 3, 2026 | Press Releases Demands preservation of all related records, documents, and communications; notes potential violation of 26 U.S.C. § 7217 and 7122 Washington, D.C. — Colorado U.S. Senator Michael Bennet, Ranking Member of the Finance Committee’s Subcommittee on Taxation and IRS Oversight, led Democratic members of the Subcommittee in a letter to Treasury Secretary Scott Bessent and Internal Revenue Service (IRS) Chief Executive Officer Frank Bisignano demanding answers on the settlement addendum reached with President Trump that prevents the Department of Justice from bringing any action or pursuing any tax audit into previous returns filed by Trump, his family members, or affiliated companies. This week, Acting Attorney General Todd Blance confirmed that this addendum remained in effect – an unprecedented agreement that appears to violate the law and longstanding policy. The letter was joined by Ranking Member of the Senate Finance Committee Ron Wyden (D-OR). In addition to Bennet and Wyden, Senators Mark R. Warner (D-VA), Sheldon Whitehouse (D-RI), Elizabeth Warren (D-MA), Bernard Sanders (D-VT), Ben Ray Luján (D-NM), and Raphael G. Warnock (D-GA) signed the letter. “We write to request urgent clarification from the Internal Revenue Service (IRS) regarding the recently released addendum settlement that precludes the Department of Justice (DOJ) from bringing any action or pursuing any tax audit into previous returns filed by Donald J. Trump, his relatives, or affiliated companies. This settlement is not only unprecedented, but also appears to violate the law and decades of policy prohibiting the White House from intervening in IRS audit decisions. This administration owes the American people a complete and transparent accounting of how this addendum settlement was ultimately conceived and approved,” said the lawmakers. “The terms of this addendum are shocking and require immediate explanation. Not only will taxpayers now be forced to pay monetary damages to an unclear set of individuals claiming unenumerated harms as part of the ‘Fund,’ but President Trump has appeared to shield himself, his relatives, and other affiliated interests from IRS audits into past tax returns – a grant of retrospective immunity that has never been offered to any individual in the history of the Internal Revenue Service,” continued the lawmakers. The lawmakers asked for answers regarding the conclusions reached by career civil servants, who reviewed the deal, if there was anything unusual about the deal, and what role politically-appointed staff had in the making of the deal between the IRS and President Trump. “While acting Attorney General Blanche has stipulated that neither Trump nor his family members will receive rewards from the ‘Anti-Weaponization Fund,’ a favorable resolution of pending audits and the limitation of future ones for past returns may prove especially lucrative. Reporting from 2024 suggested that a loss in a then-active IRS audit could cost President Trump more than $100 million. It remains unclear whether that examination has closed, or whether there are any other pending audits of President Trump, his family members or affiliated entities. The American people deserve immediate information explaining how this addendum agreement was conceived, drafted, and approved,” concluded the lawmakers. The text of the letter is available HERE and below. Secretary Bessent and Mr. Bisignano: We write to request urgent clarification from the Internal Revenue Service (IRS) regarding the recently released addendum settlement that precludes the Department of Justice (DOJ) from bringing any action or pursuing any tax audit into previous returns filed by Donald J. Trump, his relatives, or affiliated companies. This settlement is not only unprecedented, but also appears to violate the law and decades of policy prohibiting the White Ho
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