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IRS settlement

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Schiff questions Blanche on IRS settlement shielding Trump from audits

Jul 15, 2026

The PBS NewsHour clip shows Sen. Adam Schiff questioning acting Attorney General Todd Blanche during a House hearing about a May 2026 settlement of Trump's $10 billion IRS lawsuit. Schiff focuses on an addendum Blanche signed that provides tax protections for Trump, his family, and businesses on prior returns, linking it to Trump's prior conviction and potential crypto earnings. Blanche defends the agreement as a settlement of litigation, states it is not forward-looking, and affirms he remains committed to his prosecutorial principles. The exchange highlights tensions over self-dealing, statute of limitations, and the lack of adversarial process noted by the court.

▶ Source: PBS NewsHour

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Cohen floor speech claims Trump IRS settlement shields family taxes and crypto gains

Jul 14, 2026

The clip shows Rep. Steve Cohen (D-TN) speaking on the House floor, criticizing a 'big, beautiful bill' and detailing a Trump-IRS lawsuit settlement. Cohen claims Trump settled a suit over leaked tax returns with a clause shielding his and his family's returns and businesses from IRS scrutiny, making crypto earnings tax-free. He accuses Trump of stealing from taxpayers and criticizes spending priorities on Iran and ICE. The second paragraph notes Cohen's sourcing relies on public statements about the deal and unnamed 'questionable companies.'

▶ Source: Forbes Breaking News