‘Largest Single Act of
Grand Larceny in American History’“Trump is considering stealing billions of dollars from the American people” with a $10 billion lawsuit against the IRS, said Rep. Don Beyer.
Stephen Prager
May 13, 2026
COMMON DREAMS
Democrats in Congress are warning that President Donald Trump is on the verge of “stealing” billions of dollars from American taxpayers in the coming days as his Department of Justice reportedly considers settling his lawsuit against the Internal Revenue Service.
The New York Times reported on Tuesday that the DOJ, headed by the Trump loyalist acting Attorney General Todd Blanche, was holding internal discussions about whether to settle the suit that was brought by Trump and his sons, as well as the family’s business empire, in January.
The case centers on the IRS’s leak of Trump’s tax returns during his first term, which occurred after he broke decades of precedent by refusing to release them. The lawsuit alleges that the IRS failed to prevent former IRS contractor Charles Littlejohn from unlawfully disclosing tax information to media outlets, for which he pleaded guilty in 2024.
The leaks, reported by The New York Times and ProPublica, revealed that Trump had engaged in what was described as “outright fraud” and other “dubious” schemes to avoid taxation, and that he paid no federal income taxes in many of the years leading up to his presidency.
The Trumps are seeking a payout of at least $10 billion from the IRS, which is currently being headed by Trump’s handpicked Social Security Administration head, Frank J. Bisignano, who reports to Treasury Secretary Scott Bessent.
This creates an extraordinary legal situation widely described as a blatant conflict of interest, since Trump is suing an IRS that he effectively controls, which is being represented by a DOJ he also effectively controls.
For a case to be valid, however, the parties must demonstrate that they are actually on opposite sides; otherwise, the case can be thrown out of court.
US District Judge Kathleen M. Williams of the Southern District of Florida, who is overseeing the case, questioned its constitutionality last month and required the parties to file briefs by May 20 demonstrating whether there is an actual conflict between them.
According to the Times, however, the DOJ is considering settling the case with Trump before that happens, and there’d be little Williams could do to stop it.
Not only could Trump walk away with a payout of several billion dollars—if not the full $10 billion he asked for—according to the Times, the White House and DOJ have also discussed a deal for the IRS to drop all audits into Trump, his family, and his businesses.
Presidents and vice presidents are required under IRS to undergo audits of their annual tax returns, and a 2024 Times report found that if Trump failed an audit, it could cost him more than $100 million.
Trump’s presidency has been defined by him and his family profiting from their positions of influence. According to a live tracker from the Center for American Progress, Trump and his family have used the White House to rake in more than $2.6 billion worth of cash and gifts.
In addition to about $1.5 billion from their cryptocurrency ventures, which they’ve used the White House to promote, they have received direct gifts—like a $400 million luxury jet from the government of Qatar—and legal cash settlements from media and tech companies worth over $90 million. On top of the IRS lawsuit, Trump has also demanded that the DOJ pay him $230 million over past criminal investigations into him.
But if Trump received even a fraction of what he demanded in a payout from the IRS, it could make the graft from the first year and a half of his presidency look like pocket change, potentially netting him several billion more dollars and possibly even doubling his net worth.
“Trump is considering stealing billions of dollars from the American people,” said Rep. Don Beyer (Va.), the ranking House Democrat on the Joint Economic Committee. “He’s already the most corrupt president ever by a wide margin, but this would be fraud and theft on a scale even he has never attempted. The largest single act of grand larceny in American history.”
Sen. Elizabeth Warren (D-Mass.), the ranking member on the Senate Banking, Housing, and Urban Affairs Committee, added that for the DOJ to hand Trump a settlement “before a court rules” would be a “massive, unprecedented scandal.”
“Congress must stop him,” the senator added, noting that she had introduced a bill last month that would bar presidents, vice presidents, and their families from collecting settlement payments from the federal government while in office. If they file administrative claims, Warren’s bill would also require that the agencies be represented by independent counsels appointed by the court. However, her bill has gotten little traction in a Republican-controlled Congress.
Bharat Ramamurti, who served as the deputy director of the White House National Economic Council under former President Joe Biden, said the IRS lawsuit was a “massive scam” that was “much worse” than Trump’s proposal for Congress to provide $1 billion in taxpayer money to pay for his White House ballroom project.
Of the IRS lawsuit, he said, “Democrats should raise hell over it.”
Chris Hayes lays bare how Trump is about to pull off 'greatest heist in American history'
Matthew Chapman
May 13, 2026
RAW STORY

Half of Republicans line up behind Trump in fight with FBI-Reuters/Ipsos
MS NOW's Chris Hayes kicked off Wednesday night's edition of "All In" by breaking down the details of President Donald Trump's highly controversial $10 billion lawsuit against the IRS for allowing his tax returns to be leaked — effectively, a demand to have his own administration pay him money.
This comes amid reports that President Donald Trump's own Justice Department is considering a possible settlement to the suit, although it is unclear whether that settlement would include a monetary payout and, if so, how much.
"It is hard, dear viewer, to keep track of the very, very long list of shady deals and no-bid contracts and outright corrupt crypto schemes that have been the hallmark of the presidency of Donald Trump, particularly this second version of it," said Hayes. "But I ask you tonight to pay attention to the one that he appears to be about to pull off, because it's got to be the greatest heist in American history, a direct transfer of billions of your taxpayer dollars directly into the bank account, and the pockets of Donald Trump, all dressed up as a settlement of a lawsuit in which Donald Trump is both the plaintiff and also the defendant. It would be a maneuver that could nearly triple his net worth."
"All of this happening as the Trump administration is literally making your life harder and more expensive with wars and tariffs," said Hayes. "None of that has stopped Trump from trying to get his hands on more of your money."
"The president, in effect, sued himself for more than $10 billion, or he sued the government he controls," said Hayes. "$10 billion, by the way, is nearly the entire annual IRS budget. And those dollars have paid out would come from the U.S. Treasury, which he also oversees. Now, this is so novel, I don't really know how you characterize it legally, like we're out past the frontier, whether legal or not. I am of the strong opinion, and I think many would be also that this is an attempt at the largest theft ever by an American politician, plainly, flagrantly. Blatantly, in plain daylight. It is a conflict of interest so enormous the term itself, conflict of interest hardly begins to capture what's happening."
"In fact, get this: last month, a federal judge in the case ... gave them until May 20th to come back and explain how the case isn't a scam to enrich Trump," said Hayes. "She's like, wait a second, wait a second. The constitution requires cases or controversies, but I don't see one here, she writes. 'Although President Trump avers he is bringing this lawsuit in his personal capacity, he is a sitting president and is named adversaries or entities whose decisions are subject to his direction,' she added ... What the judge is saying is, like, I don't think this is actually a real case. It can't be. You're on both sides."
"So the lawyers have one more week to file briefs that would convince the judge to let Trump's $10 billion lawsuit continue," said Hayes. And this, he said, is why the Justice Department is considering settlement talks now, before that deadline: to "shovel tons of cash over to him in return for him dropping the suit. The mob has a word for that: shakedown."
"Think of it again," Hayes continued. "Your taxes may come out of your paycheck every week. Or you wrote a check April 15th. Some part of that is going to end up in Donald Trump's bank account. No one has ever taken as much money in the history of the nation as Donald Trump is attempting to hoover up from the federal government right now, I don't think there's ever been a $10 billion theft, $10 billion. That's the same amount in child care subsidies that Trump froze last year. $10 billion is almost enough to fund federal disaster relief for a year. It is enough to fund the entire National Park Service, one of the great jewels of this nation, for five years. You could fund the Peace Corps for 20 years. It could all go straight into the Trump family coffers."
"I am telling you, there is no scale or precedent for corruption like this in the United States," he added. "It would put every other Trump grift to shame."
Matthew Chapman
May 13, 2026
RAW STORY

Half of Republicans line up behind Trump in fight with FBI-Reuters/Ipsos
MS NOW's Chris Hayes kicked off Wednesday night's edition of "All In" by breaking down the details of President Donald Trump's highly controversial $10 billion lawsuit against the IRS for allowing his tax returns to be leaked — effectively, a demand to have his own administration pay him money.
This comes amid reports that President Donald Trump's own Justice Department is considering a possible settlement to the suit, although it is unclear whether that settlement would include a monetary payout and, if so, how much.
"It is hard, dear viewer, to keep track of the very, very long list of shady deals and no-bid contracts and outright corrupt crypto schemes that have been the hallmark of the presidency of Donald Trump, particularly this second version of it," said Hayes. "But I ask you tonight to pay attention to the one that he appears to be about to pull off, because it's got to be the greatest heist in American history, a direct transfer of billions of your taxpayer dollars directly into the bank account, and the pockets of Donald Trump, all dressed up as a settlement of a lawsuit in which Donald Trump is both the plaintiff and also the defendant. It would be a maneuver that could nearly triple his net worth."
"All of this happening as the Trump administration is literally making your life harder and more expensive with wars and tariffs," said Hayes. "None of that has stopped Trump from trying to get his hands on more of your money."
"The president, in effect, sued himself for more than $10 billion, or he sued the government he controls," said Hayes. "$10 billion, by the way, is nearly the entire annual IRS budget. And those dollars have paid out would come from the U.S. Treasury, which he also oversees. Now, this is so novel, I don't really know how you characterize it legally, like we're out past the frontier, whether legal or not. I am of the strong opinion, and I think many would be also that this is an attempt at the largest theft ever by an American politician, plainly, flagrantly. Blatantly, in plain daylight. It is a conflict of interest so enormous the term itself, conflict of interest hardly begins to capture what's happening."
"In fact, get this: last month, a federal judge in the case ... gave them until May 20th to come back and explain how the case isn't a scam to enrich Trump," said Hayes. "She's like, wait a second, wait a second. The constitution requires cases or controversies, but I don't see one here, she writes. 'Although President Trump avers he is bringing this lawsuit in his personal capacity, he is a sitting president and is named adversaries or entities whose decisions are subject to his direction,' she added ... What the judge is saying is, like, I don't think this is actually a real case. It can't be. You're on both sides."
"So the lawyers have one more week to file briefs that would convince the judge to let Trump's $10 billion lawsuit continue," said Hayes. And this, he said, is why the Justice Department is considering settlement talks now, before that deadline: to "shovel tons of cash over to him in return for him dropping the suit. The mob has a word for that: shakedown."
"Think of it again," Hayes continued. "Your taxes may come out of your paycheck every week. Or you wrote a check April 15th. Some part of that is going to end up in Donald Trump's bank account. No one has ever taken as much money in the history of the nation as Donald Trump is attempting to hoover up from the federal government right now, I don't think there's ever been a $10 billion theft, $10 billion. That's the same amount in child care subsidies that Trump froze last year. $10 billion is almost enough to fund federal disaster relief for a year. It is enough to fund the entire National Park Service, one of the great jewels of this nation, for five years. You could fund the Peace Corps for 20 years. It could all go straight into the Trump family coffers."
"I am telling you, there is no scale or precedent for corruption like this in the United States," he added. "It would put every other Trump grift to shame."



















