Todd Blanche Rescinds $1.8 Billion Fund for Trump Allies Amid Attorney General Confirmation Talks
Todd Blanche, in negotiations for confirmation as attorney general, rescinded a $1.8 billion fund for Trump's allies but a tax audit immunity plan for Trump, his sons, and the Trump Organization remains in place, potentially wiping away millions in back…
Philadelphia, PA, August 4, 2026 —
Todd Blanche, a figure reportedly in negotiations for confirmation as attorney general, has rescinded a $1.8 billion fund previously designated for Trump’s allies. This action comes as discussions surrounding Blanche’s potential confirmation continue.
However, a separate tax audit immunity plan involving Trump, his sons, and the Trump Organization is reported to remain in effect. This plan has the potential to eliminate millions of dollars in previously owed back taxes.
Details regarding the specific circumstances and reasons for the rescission of the $1.8 billion fund were not immediately available. Similarly, the exact scope and implications of the tax audit immunity plan, including the precise amount of back taxes that could be waived, were not fully detailed in the information provided.
The negotiations for Blanche’s confirmation and the status of these financial arrangements represent significant developments. Further information is anticipated as these processes unfold.
Story summarized from the original created by The Associated Press on www.inquirer.com, see more information here.
