Todd Blanche Rescinds $1.8 Billion Fund Amidst Senate Negotiations
Todd Blanche, a nominee for attorney general, has rescinded a $1.8 billion fund intended to compensate President Trump's allies. However, a plan granting the Trump Organization and its principals immunity from tax audits remains in place, potentially eliminating millions in…
Houston, TX, August 4, 2026 —
Todd Blanche, a nominee for attorney general, has withdrawn a proposed $1.8 billion fund that was designated to compensate allies of President Trump. This action comes as Blanche engages in negotiations for support from Republican senators.
Despite the rescission of the compensation fund, a separate plan remains active. This ongoing plan reportedly grants the Trump Organization and its principals immunity from tax audits. The potential impact of this immunity could be the elimination of millions of dollars in back taxes owed.
The circumstances surrounding these developments indicate that Blanche’s efforts to secure backing from Republican senators are ongoing. The rescission of the fund and the continuation of the tax audit immunity plan are key elements of the current political landscape as Blanche seeks the necessary support for his nomination.
Further details regarding the specific terms of the tax audit immunity plan, including the exact amount of potential back taxes that could be waived and the duration of this immunity, were not immediately available. The contractor’s name involved in managing the $1.8 billion fund was also not provided.
Story summarized from the original created by Associated Press on www.click2houston.com, see more information here.
