BREAKING: Trump Negotiates Settlement with IRS to Take BILLIONS of TAXPAYER Dollars

Added: 2026-05-05

[00:00:00]We have some important developments this afternoon. From Iran to Donald Trump's conversations with reporters to the fact that the president of the United States is actively negotiating a possible $10 billion settlement with the federal government. Billions of dollars that would go directly into his own pockets.

[00:00:18]This afternoon, Donald Trump over the past eight hours had been posting numerous statements about Iran. Every single time he posted statements about Iran, something else came out that was seemingly contradictory. At the same time, we're learning that the straight of war moves, despite previously claiming that it was open for business, may not actually be open at all. The ceasefire between Lebanon and Israel isn't really ceasefire as Israel continues strikes today in Lebanon from a quote defensive posture. And Trump is on the verge of making a large windfall of money from the federal government.

[00:00:56]Your taxpayer dollars going directly into his pocket. I have the latest this Friday evening. As always, make sure to like, comment, share, and subscribe.

[00:01:05]Subscribe to my Substack. Click the link below to support my work because right now something that I've noticed and I've seen throughout the day today and I've started seeing more and more regularly.

[00:01:15]Every reporter in Washington DC has the president's phone number. Shoot, if I wanted it, I could get the president's phone number. It's been offered to me multiple times. That's not how reporting in my opinion should work these days because what happened today and what we've seen over the past many weeks is that Donald Trump spends the day calling reporters and telling them XYZ a whole host of things that he wants to see happen. So today he spoke to reporters from Axios from CBS and elsewhere and told them all these things about the straight of Hormuz ceasefire negotiations etc. every time he would say something an hour later we'd learn that what he says may not actually be fully accurate and well that was on full display today with the straight of our muse and elsewhere and so for me I just want to wait until all the facts come out and give you all the facts and give you the full picture that's why independence is important so make sure to subscribe if you can to support my work this evening before we get to Iran though I want to talk about this filing that popped up today it's in the filing in case between Donald Trump and the IRS. If you recall, several months ago, Donald Trump sued the IRS and the Treasury Department seeking $10 billion from them. $10 billion, your taxpayer dollars. Why?

[00:02:31]Well, he wants money in payment in damages for allegedly releasing his tax information, his returns to the New York Times illegally. That's essentially what happened. Well, Trump wouldn't release it himself. His returns were leaked. And now he's suing the IRS and the Treasury Department. Mind you, about 40,000 other people also had their returns leaked un unlawfully. And so theoretically, they too can sue for billions of dollars.

[00:03:01]That's what the President Trump is saying. But in this litigation, there is a filing today that popped up where the parties ask for an extension of time to uh essentially resolve certain matters.

[00:03:13]They want a 90-day extension. Well, why?

[00:03:15]Because if you look at under section A, there is the second sentence under section A. Quote, "The parties are engaging in discussions and need time to work through how to ensure those discussions can take place productively to avoid protracted litigation." I've written that statement as a lawyer dozens of times. What that means is that they're negotiating a settlement. A settlement whereby the president of the United States will likely get a billion dollar plus windfall from the federal government. that is your money that would go directly into his pockets.

[00:03:45]Obviously, we don't know what the full amount is. We don't know what the details are yet, but they are actively working towards that solution. And well, it comes as many say this is corruption at its finest because what you're seeing is the president is suing himself essentially. He controls the IRS. He controls the Treasury Department. He controls the Justice Department that would be presumably defending the federal government against himself. And so he's negotiating with Todd Blanch, who's his former criminal defense attorney, now acting attorney general, and they're working on a deal to try to get him billions of dollars in a windfall. At the same time, we're learning more about the ceasefire negotiations with Iran, or rather lack thereof. And I want to walk you through some claims that were made today. First, the claim was made that the straight of Hormuz is open for business. Trump claimed this. The Iranians claimed this, but it looks as though that may not be fully accurate because if you look at over the past hour to two hours, a number of ships tried to pass the straight of Rome and you see those green and red dots. Well, now they're all turning around. They're all turning around because there seems to be a bit of a disconnect potentially between the Iranian foreign ministry, the government, and the military, the IRGC, who may not want the reopening of the straight of Hormuz. But irregardless of all of that, Iran is saying this evening, "The opening and closing of the trade moves does not happen in cyberspace. Only Iran is the one who determines this." That's from the FAR news agency, a spokesperson for the foreign ministry told them in a telegram message. And so, despite Trump claims that we're open for business, we actually aren't. We aren't. And what we're learning that the ceasefire in Lebanon may also not have been an actual ceasefire. A US official told Barack Ravid, who seems to be a spokesperson in a lot of ways for the Israelis and the United States, they all go to him. Um because he just releases what they say as though it's the law when it in reality it's not.

[00:05:41]President ceasefire agreement between Lebanon and Israel clearly states that Israel will not carry out any offensive military operations against Lebanese targets, but quote preserves its right to self-defense against planned imminent or ongoing attacks. That's not a ceasefire, right? I'll just point it out and Barack Ravit should have pointed it out. It's not a ceasefire because Israel after this statement already launched a drone strike on Lebanon, right? Israel has used quote the term self-defense for many years now to commit uh atrocities in Gaza, right? Attacks that weren't in self-defense. So, this statement just gives Israel the ability to continue strikes in Lebanon. It's not a full ceasefire, and we've seen it today already. We're also learning that Donald Trump is prepared to give Iran a 20 billion windfall. Top priority for the Trump administration is ensuring Iran can't access the stockpile about 2,000 kg of enriched uranium buried in its underground nuclear facilities.

[00:06:38]Iranians, meanwhile, need money. And so they're actively negotiating where the United States may release $20 billion in sanctioned money to the Iranians. Now, if that's an issue to you, well, it was an issue to Donald Trump, too. Over the past decade, it was an issue to him when President Obama sent Iran $1.7 billion.

[00:07:02]What the president is proposing now, potentially behind the scenes, is a windfall of over 20 billion.

[00:07:09]And while things are moving fast, we don't know what will happen next. But I do want to end this off tonight by really emphasizing that reporters shouldn't take what the president says as though it is law. There needs to be some nuance in reporting. Just because the president calls you and says that we're going to have a ceasefire tomorrow doesn't mean that that's actually what's going to happen. And reporting it as such, in my opinion, is irresponsible.

[00:07:34]And that's why I'm independent. That's why you'll never catch me on the phone chitchatting with the president every week, even though I could if I wanted to.

[00:07:43]That's why I rely on you for support.

[00:07:44]So, make sure to subscribe to support independent journalism to my Substack.

[00:07:48]Click the link below. Spread the word.

[00:07:50]Like, comment, share, get the word out.

[00:07:53]And I'll have another update for you first thing in the morning. Donald Trump is having a rally tonight in Arizona.

[00:07:59]We'll see what he has to say. Hey folks, thanks so much for watching. Feel free to add this podcast on Apple Podcast, Spotify, or anywhere you watch for the latest breaking news and daily hits throughout the day. Make sure to follow, subscribe. See you soon for more.