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"Staggering Corruption": Rep. Raskin on Trump's $10B IRS Lawsuit, Stock Trades & Family Business

2026-05-18 News & Politics
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Democracy Now!
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Support our work: https://democracynow.org/donate/sm-desc-yt Donald Trump on Monday dropped his $10 billion lawsuit against the Internal Revenue Service over a leak of his personal and business tax records, a bizarre case of a sitting president suing his own government and essentially acting as both plaintiff and defendant. This comes amid reports that Trump's Department of Justice was considering settling the case in exchange for the creation of a $1.7 billion fund to compensate victims of so-called weaponization of the DOJ under the Biden and Obama administrations. Trump allies who participated in the January 6, 2021, attack on the Capitol could file claims and be compensated. "They want a $1.7 billion slush fund, which comes to a million dollars a head in terms of Proud Boys, the Oath Keepers, the insurrectionists, with $100 million left over of taxpayer money to spread around in different ways," says Congressmember Jamie Raskin of Maryland, the top Democrat on the House Judiciary Committee, who spoke with _Democracy Now!_ shortly before news broke of Trump dropping the IRS lawsuit. Raskin last week introduced the Protecting Our Democracy Act, which is geared toward curbing the president's profiteering from public office. "Corruption is the whole purpose of the Trump administration," says Raskin. "It's not like some eccentric peripheral thing; it's a vast money-making operation." Democracy Now! is an independent global news hour that airs on over 1,500 TV and radio stations Monday through Friday. Watch our livestream at democracynow.org Mondays to Fridays 8-9 a.m. ET. Subscribe to our Daily Email Digest: https://democracynow.org/subscribe

Top Comments (10)

@MonicaSpurgeon-t1s 2026-05-18

TREASON. TRAITORS. TYRANNY. CRIMES AGAINST HUMANITY. TRAFFICKING. BIOMETRIC TRAFFICKING.

164 15 replies
@tarahill2193 2026-05-18

This is sickening 😢.

141 3 replies
@daniellegibson316 2026-05-18

Absolutely ridiculous!

134 15 replies
@elizabethvega5669 2026-05-18

Really, now the IRS can be extorted by the criminals in the White House?

127 6 replies
@virginiamiller4890 2026-05-18

trump's only skill - the art of grifting. He should have been jailed a long time ago.

109 6 replies
@Trent_Hubbard 2026-05-18

He should receive the punishment for treason.

99 2 replies
@rickruler.. 2026-05-18

Such corruption

75 2 replies
@johnwikstrom4359 2026-05-18

TRAITOR TRUMP WTF PUT HIM IN PRISON WHERE HE BELONGS

66 1 replies
@ShirleySmith-b3g 2026-05-18

Bull it will go to trumps family! This iscrazy!

60 4 replies
@Boomers4Zoomers 2026-05-18

Thank you for keeping me updated on important, while disgusting, daily news. 🛐🕯🖖✌️

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