May 18,2026

Wyden Blasts Trump Plan for $1.7 Billion Slush Fund as Trump Drops IRS Lawsuit

Washington, D.C. — Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement on reports that Trump dropped his family’s $10 billion lawsuit against the Treasury Department and IRS as his administration plows forward on the creation of a $1.7 billion political slush fund under his control and outside judicial oversight:

“Regardless of whether Trump filed this lawsuit with a personal payday or a slush fund in mind, he deserves no credit for dropping it, and even by his standards the move he’s trying to get away with now is a stunning act of corruption. What Trump wants is a $1.7 billion slush fund for right-wing political violence and subversion, and if he follows through, it will be the most brazen theft and abuse of taxpayer dollars by any president in American history.”

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