From media
WASHINGTON — Three Democratic senators are investigating a U.S. government agreement barring past tax probes of President Donald Trump and his businesses, saying they want to determine whether the deal also protects companies affiliated with his family.
“Under the guise of a so-called legal settlement, the Trump administration has attempted to decree that the president, his family, and their entire business empire—potentially including entities with even the vaguest ‘affiliation’ to the family—are to face zero consequences if they have committed a range of financial crimes or misdeeds—regardless of the severity of the violation,” Senators Elizabeth Warren, Chuck Schumer and Ron Wyden said Tuesday.
The senators said in a press release that they sent letters to a group of businesses including the family’s real estate firm, the Trump Organization, and the crypto platform World Liberty Financial Inc., which Trump and his sons co-founded. At other companies, members of the Trump family serve in investor, executive or advisory capacities. The congressional inquiries also went out to Powerus, Foundation Future Industries, Tag Air, American Bitcoin, Kaz Resources, Trump Media and Technology Group, Kalshi Inc., Polymarket and 1789 Capital asking if it is their understanding that the agreement protects them from possible violations of law.
https://www.cpapracticeadvisor.com/2026/07/08/democratic-senators-probe-scope-of-trumps-irs-immunity-deal/186350/
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