Sen. Johnson Calls for Probe into Trump Tax Leak Amid $10B IRS Lawsuit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
0mins
Source: Benzinga
- Call for Investigation: Senator Ron Johnson expressed on CNN that he prefers a thorough investigation into the leak of Trump's tax information over paying the $10 billion lawsuit, highlighting concerns over government spending and accountability.
- Trump Family Lawsuit: Trump and his sons filed a lawsuit against the IRS and Treasury in federal court, alleging failure to implement necessary safeguards for tax records and seeking $10 billion in damages, indicating serious concerns about tax information security.
- Leak Background: IRS contractor Charles Edward Littlejohn admitted to leaking Trump's tax data to The New York Times and ProPublica, resulting in a five-year prison sentence, emphasizing the legal ramifications of unauthorized disclosures.
- Legal Timeline Dispute: The Trump family argues they only learned of the leak source in December 2024, filing under a federal statute that allows claims for unauthorized disclosures, raising concerns about taxpayer funding for potential damages, which critics view as a misuse of public funds.
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Analyst Views on BAH
Wall Street analysts forecast BAH stock price to rise
12 Analyst Rating
2 Buy
7 Hold
3 Sell
Hold
Current: 77.930
Low
80.00
Averages
99.20
High
160.00
Current: 77.930
Low
80.00
Averages
99.20
High
160.00
About BAH
Booz Allen Hamilton Holding Corporation is the parent company of management and technology consulting and engineering services firm, Booz Allen Hamilton Inc. It provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to U.S. and international governments. Its solutions include artificial intelligence, cloud, digital customer experience, elite training, enterprise DevSecOps, JADC2, mission readiness, security and workforce of the future. It supports critical missions for a range of federal government clients, including nearly all the U.S. government's cabinet-level departments, as well as for commercial clients, both domestically and internationally. It supports its federal government clients by helping them tackle challenges such as protecting soldiers in combat and supporting their families. It also provides technologies to evolve defense missions and delivers solutions to warfighters in the digital battlespace.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Asset Allocation Significance: This new position accounts for 5.1% of Black Creek's reportable assets in its 13F filing, ranking among its top five holdings, which underscores the firm's strategic focus on this stock.
- Strong Financial Performance: Eagle Materials reported $556 million in quarterly revenue and $3.22 in diluted EPS for its latest fiscal quarter, with cement volumes rising 9% year-over-year, demonstrating resilience despite softness in the residential market.
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- Call for Investigation: Senator Ron Johnson expressed on CNN that he prefers a thorough investigation into the leak of Trump's tax information over paying the $10 billion lawsuit, highlighting concerns over government spending and accountability.
- Trump Family Lawsuit: Trump and his sons filed a lawsuit against the IRS and Treasury in federal court, alleging failure to implement necessary safeguards for tax records and seeking $10 billion in damages, indicating serious concerns about tax information security.
- Leak Background: IRS contractor Charles Edward Littlejohn admitted to leaking Trump's tax data to The New York Times and ProPublica, resulting in a five-year prison sentence, emphasizing the legal ramifications of unauthorized disclosures.
- Legal Timeline Dispute: The Trump family argues they only learned of the leak source in December 2024, filing under a federal statute that allows claims for unauthorized disclosures, raising concerns about taxpayer funding for potential damages, which critics view as a misuse of public funds.
See More
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See More
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- New Investment Position: Black Creek Investment Management established a new position in Eagle Materials by acquiring 502,120 shares in Q4 2025, with an estimated trade value of $103.78 million, indicating confidence in the construction materials sector amid a potential infrastructure spending rebound.
- Asset Allocation Significance: This new position accounts for 5.1% of Black Creek's reportable assets in its 13F filing, ranking among its top five holdings, which underscores the firm's strategic focus on this stock.
- Strong Financial Performance: Eagle Materials reported $556 million in quarterly revenue and $3.22 in diluted EPS for its latest fiscal quarter, with cement volumes rising 9% year-over-year, demonstrating resilience despite softness in the residential market.
- Share Buyback Strategy: The company repurchased approximately 648,000 shares for $142.6 million in the quarter, reinforcing consistent capital allocation and reflecting management's confidence in future growth prospects.
See More
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- DHS Funding Crisis: The Department of Homeland Security (DHS) is facing a shutdown starting at 12:01 a.m. Saturday after the Senate failed to pass a funding bill already approved by the House, jeopardizing normal operations, particularly at sub-agencies like the TSA and FEMA.
- Employees Working Without Pay: Although most DHS employees are deemed essential, they will be forced to work without pay during the shutdown, which could strain frontline enforcement personnel and impact their morale and efficiency.
- Negotiation Stalemate: Significant disagreements persist between Democrats and the White House over immigration enforcement terms, with Democrats pushing for new restrictions on agents, including body cameras and judicial warrants for arrests, while the White House rejects changes that could hinder its enforcement agenda, slowing negotiations.
- Impact of Congressional Recess: With Congress entering a week-long recess, if an agreement is not reached during this period, the DHS shutdown will continue, and many lawmakers will be in Germany for the Munich Security Conference, further delaying potential solutions.
See More
VisionWave Secures $1.5 Billion DHS Contract for Counter-Drone Tech
- Market Opportunity: The Department of Homeland Security's $1.5 billion contract for counter-drone technology underscores the aerospace AI market's projected growth to $29.73 billion by 2026, driving investments and developments for companies like VisionWave in national security.
- Technological Advancements: VisionWave has made progress on its dual-market autonomous systems platform, particularly in RF defense capabilities and the integration of QuantumSpeed assets, aimed at enhancing decision-making speed to address threats in complex environments.
- Strategic Partnership: A $7 million strategic exchange agreement with SaverOne combines RF technologies with a security platform, potentially allowing VisionWave to control approximately 51% of SaverOne if milestones are met, thereby strengthening its market position.
- Intellectual Property Transfer: VisionWave's joint venture with Boca Jom Ltd. has completed the transfer of three comprehensive intellectual property portfolios covering electronic design automation tools, aimed at addressing critical bottlenecks in chip manufacturing and enhancing the company's competitiveness in the semiconductor sector.
See More
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- Contract Value: Several defense contractors, including Booz Allen Hamilton and Leidos, have secured a $561 million multiple-award IDIQ contract, indicating a strong demand for data management and analysis services in the defense sector.
- Supporting Departments: The contract will support the Office of Cost Assessment and Program Evaluation (ODCAPE) and the Joint Data Support Division, aimed at identifying, collecting, analyzing, and managing data related to U.S. and non-U.S. military forces, reflecting the defense sector's reliance on data-driven decision-making.
- Work Locations: The work will be conducted at the Pentagon and the Mark Center, which not only provides a convenient working environment for contractors but also facilitates closer collaboration with government departments.
- Completion Date: The estimated completion date for the contract is January 8, 2031, and the implementation of this long-term project will provide contractors with a stable revenue stream while demonstrating the government's commitment to long-term investments in defense data management.
See More
Sen. Johnson Calls for Probe into Trump Tax Leak Amid $10B IRS Lawsuit
- Call for Investigation: Senator Ron Johnson expressed on CNN that he prefers a thorough investigation into the leak of Trump's tax information over paying the $10 billion lawsuit, highlighting concerns over government spending and accountability.
- Trump Family Lawsuit: Trump and his sons filed a lawsuit against the IRS and Treasury in federal court, alleging failure to implement necessary safeguards for tax records and seeking $10 billion in damages, indicating serious concerns about tax information security.
- Leak Background: IRS contractor Charles Edward Littlejohn admitted to leaking Trump's tax data to The New York Times and ProPublica, resulting in a five-year prison sentence, emphasizing the legal ramifications of unauthorized disclosures.
- Legal Timeline Dispute: The Trump family argues they only learned of the leak source in December 2024, filing under a federal statute that allows claims for unauthorized disclosures, raising concerns about taxpayer funding for potential damages, which critics view as a misuse of public funds.
See More
Booz Allen Hamilton Faces Setback After Tax Data Leak
- Stock Volatility: Booz Allen Hamilton Holding Corporation (NYSE:BAH) has seen its shares decline by 31% over the past year, although they have risen by 4% year-to-date, indicating market concerns about its future performance and volatility.
- Contract Termination Impact: The Treasury Department terminated contracts with Booz Allen due to a tax data leak, resulting in an estimated annual revenue loss of approximately $4.8 million, which, while a small fraction of its $11.41 billion annual revenue, still negatively impacts the company's reputation.
- Analyst Rating Changes: Truist reiterated a Hold rating for Booz Allen with a price target of $98, while DA Davidson raised its target from $73 to $81, reflecting differing views among analysts regarding the company's future profitability.
- Future Earnings Expectations: DA Davidson increased Booz Allen's earnings estimates for 2026 and 2027 to $6.10 and $6.75, respectively, demonstrating confidence in the company's long-term growth potential despite facing short-term challenges.
See More
