Trump Sues The IRS For $10 Billion

Benzinga

President Donald Trump has filed a $10 billion lawsuit against the IRS and the Treasury Department, alleging the agencies failed to prevent a former contractor from leaking his tax records to the media. The lawsuit stems from a 2020 report that revealed details of Trump’s past tax payments, which he has repeatedly said were illegally obtained.  This video explains why Trump is suing the IRS, what the lawsuit claims, who is involved, and how this case connects to past tax record leaks involving other high-profile billionaires. It also explores why this lawsuit is unusual, given Trump is now back in office.  Source: https://www.benzinga.com/news/legal/26/01/50256441/trump-sues-irs-treasury-department-for-10-billion-over-tax-records-leak

Transcript

00:00President Trump just sued the IRS and the Treasury Department for $10 billion.

00:05The lawsuit claims federal agencies failed to stop his tax records from being leaked nearly

00:09a decade ago. Trump says the leak caused financial harm, reputational damage, and public embarrassment.

00:15The suit also includes Donald Trump Jr., Eric Trump, and the Trump Organization. The case

00:20centers on a former IRS contractor who illegally leaked Trump's tax returns to news outlets.

00:26That leak led to a major New York Times report in 2020 showing Trump paid $750 in federal income

00:33taxes in 2016 and 2017. Trump has long said the information was illegally obtained and

00:39called the reporting fake. The contractor later admitted he also stole tax records from thousands

00:45of wealthy Americans, including Elon Musk and Jeff Bezos. The IRS says it has since tightened data

00:51security, but Trump argues that the damage was already done. Now he's asking the federal

00:55government to pay $10 billion in damages. If this moves forward, Trump would be suing

01:00agencies that now fall under his own administration.

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