Larson Announces New Bill to Fully Rescind Corrupt Trump “Get Out of Jail Free” Tax Immunity Deal

East Hartford, CT – Today, Rep. John B. Larson (CT-01),a senior member of the House Ways and Means Committee, announced new legislation with Ranking Member Richard E. Neal (MA-01) and Senator Ron Wyden (D-OR), the Presidential Tax Accountability and Audit Integrity Act, to officially rescind the unprecedented tax immunity deal granted to President Trump and his family, which would bar the government from investigating tax returns filed by the Trump family and their companies. Larson’s announcement of this new bill follows the Senate’s confirmation of President Trump’s personal lawyer, Todd Blanche, to be the next Attorney General of the United States. Blanche was the architect of the President’s corrupt settlement—including the tax immunity deal that is still in effect. 

“Donald Trump’s sham lawsuit was nothing more than an attempt to line his own pocket with your tax dollars,” said Larson. “While his lackeys at the Department of Justice may claim that it is not moving forward, he still secured a sweetheart deal to shield himself and his family from every having to pay the taxes they owe. If my Republican colleagues are truly OK with this outright theft occurring before our very eyes, they should vote to approve it themselves. No one should be above the law—especially billionaires trying to skirt their way out of paying their fair share in taxes. While Todd Blanche answers to his true client, Donald Trump, our bill will do what he will not—wipe this outrageous settlement off the books once and for all.” 

In May, Larson filed a court brief urging Judge Williams to dismiss the President’s unprecedented lawsuit. Last month, he introduced the Don’t Settle for Corruption Act to block the settlement agreement by requiring Congressional approval before the Department of Justice (DOJ) can spend taxpayer dollars on any legal settlement resolving a case involving the President, the President’s immediate family, or any business entity they own or control.  

Larson, Neal, and Wyden’s Presidential Tax Accountability and Audit Integrity Act would bar the IRS or Treasury from entering into any agreement that alters federal tax obligations involving the President, immediate family, or interested entities while in office. It is supported by every Democrat on the House Ways and Means Committee.  

Full bill text is available HERE.