Jamie Raskin criticizes $1.7B Trump-IRS deal as a ‘political slush fund’

Trump expected to drop $10B IRS lawsuit in exchange for $1.776B fund
Jamie Raskin blasts the potential fund as a 'political slush fund,' arguing it is 'illegal' and 'unconstitutional' (Photo by Win McNamee/Getty Images, Al Drago/Getty Images)
Jamie Raskin blasts the potential fund as a 'political slush fund,' arguing it is 'illegal' and 'unconstitutional' (Photo by Win McNamee/Getty Images, Al Drago/Getty Images)

WASHINGTON, DC: A top Judiciary Democrat, Jamie Raskin, has slammed the potential 1.7 billion Truth and Justice fund, which will come into existence in the form of a settlement between President Donald Trump and the Internal Revenue Service and the Treasury Department.

Trump will reportedly drop his high-profile lawsuit against the IRS in exchange for creating this taxpayer-funded pool.

The fund of  $1,776,000,000 is reportedly designed to pay financial claims to individuals who allege they were victims of government "weaponization."

Raskin slams the fund as a ‘political slush’

The top Democrat on the House Judiciary Committee, Jamie Raskin, blasted the potential fund as a "political slush fund" that he said is "illegal" and "unconstitutional."

WASHINGTON, DC - FEBRUARY 10: Rep. Jamie Raskin (D-MD) speaks with reporters in the U.S. Capitol on February 10, 2026 in Washington, DC. House Democrats gathered for a weekly caucus meeting Tuesday morning. (Photo by Heather Diehl/Getty Images)
Jamie Raskin (D-MD) speaks with reporters in the US Capitol on February 10, 2026, in Washington, DC. House Democrats gathered for a weekly caucus meeting on Tuesday morning (Photo by Heather Diehl/Getty Images)

Raskin’s statement came during an interview with ABC News' "This Week" anchor George Stephanopoulos, where he said that “only Congress has the power to appropriate money.”

“Congress never voted on creating this $1.7 billion political slush fund at the Department of Justice, and Congress would never pass that.”

"This is just an invention on his part, but even if Congress wanted to do it, I think it's clearly unconstitutional on a number of grounds," he added.

"We know that the president wants to keep setting up these political slush funds," Raskin continued.

"All of this is outside of the Constitution. All of it is outside of congressional spending power, and so it is illegal. It is unconstitutional."

Raskin said that compensating the now-pardoned January 6 rioters would be a violation of the Fourteenth Amendment.

Raskin says Democrats would file lawsuits

Raskin further called on Congress to stop the fund from moving forward. He further said that Democrats will “Undoubtedly” file lawsuits in response to Stephanopoulos’s question whether they will do so.

WASHINGTON, DC - APRIL 14: U.S. President Donald Trump speaks he meets with President Nayib Bukele of El Salvador in the Oval Office of the White House on April 14, 2025 in Washington, DC. Trump and Bukele were expected to discuss a range of bilateral issues including the detention of Kilmar Armando Abrego Garcia, who has been held in a prison in El Salvador since March 15. (Photo by Win McNamee/Getty Images)
Trump speaks with President Nayib Bukele of El Salvador in the Oval Office of the White House on April 14, 2025, in Washington, DC (Photo by Win McNamee/Getty Images)

"But remember, we are the Article I branch. We have the power over spending, and so we have to assert our spending power to block this," he said. "If our Republican colleagues have any respect for the Constitution and the powers of Congress, they will move to block it."

Donald Trump is expected to withdraw his $10 billion lawsuit against the IRS in exchange for the creation of a $1.776 billion fund aimed at compensating individuals who say they were unfairly targeted by the Biden administration.

GET BREAKING U.S. NEWS & POLITICAL UPDATES
STRAIGHT TO YOUR INBOX.

MORE STORIES

However, JD Vance declined to give a timeline for when the conflict, which has now lasted more than six months, could end
28 minutes ago
JD Vance took questions on Iran and inflation before a lighthearted weight-loss exchange at his first briefing since Karoline Leavitt's exit
6 hours ago
President Trump made the remarks in two Truth Social posts on Thursday, September 3, as debate over US military supplies continues
8 hours ago
President Trump escalated his criticism of Canada after calling the country tougher to deal with than China and Vietnam
10 hours ago
Secretary of State Marco Rubio made the remarks at the Foundry School launch, a State Department program for advanced manufacturing jobs
11 hours ago
Vice President JD Vance made the case at the Foundry School launch for manufacturing careers alongside finance, law and tech
12 hours ago
President Donald Trump said voters might dislike Ken Paxton’s appearance, clothes and television interviews, calling the remarks 'so insulting to him'
20 hours ago
Donald Trump designated JD Vance as the administration’s 'fraud czar,' tasking him with leading its sweeping campaign against fraud
20 hours ago
Andy Biggs' amendment needed a two-thirds majority, while Katherine Clark's office urged Democrats to reject the measure before the vote
22 hours ago
President Donald Trump said not eating meat could spell trouble in Texas while backing Ken Paxton amid campaign funding struggles
23 hours ago