Free Republic

Federal income tax experts tell POLITICO money from the DOJ's Judgment Fund, which the new $1.8 billion program is drawing on, is generally taxable.President Donald Trump isn’t supposed to directly profit from the dismissal of his lawsuit against the IRS.And yet, he could still owe taxes on the money going to set up a central feature of that deal — the $1.8 billion “Anti-Weaponization Fund.”Some tax practitioners say the way that the fund, which Acting Attorney General Todd Blanche announced May 18, is structured likely makes it an income tax liability for the president, potentially costing hundreds of millions of...

Senate Democrats vented their frustrations over the faulty rollout of the Affordable Care Act in a meeting Thursday with White House chief of staff Denis McDonough and other senior officials. “There’s a lot of frustration, everywhere,” Sen. Dianne Feinstein (D-Calif.) said after the meeting. McDonough tried to assure angry senators he is personally taking charge of the disparate federal offices in charge of implementing the massive law, which has been plagued by technical errors. “He gave us the impression that he’s taking charge of the different elements and cracking the whip. He said to let him know if we had...