A congressional committee will release Trump's tax returns

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Congressional committee to release Trump's tax returns

Acommittee of > The United States House of Representatives has voted in favor of making public the statements of the Donald Trump's income for six years. The measure ends a nearly four-year legal battle by Democrats to obtain the documents, which was ultimately decided by the Supreme Court of the US last month. American presidents are not required by law to make their tax returns public, but for decades they have done so voluntarily. The former Republican president has fought the unspeakable to keep them hidden.

The Committee of the United States. US House of Representatives Ways and Means voted Tuesday night in favor of the publication of the documents by 24 votes in favor and 16 against , with all the Democrats in favor and all the Republicans against. One of the committee members, Pennsylvania Democrat Brendan Boyle, testified that he was wrong. He later: “This is one of the most important votes I'll ever cast as a member of Congress, and I stand by it 100%.” But Kevin Brady, the ranking Republican on the committee, said the Democrats had just “unleashed a dangerous new political weapon.”

He's not sure. It will be clear when the public will see it. The financial documents correspond to the period between 2015 and 2020, when Trump was running for president and then served as president. at the White House. The statements can offer insight into Trump's finances, including his assets, sources of income, charitable contributions and liabilities, and even whether he had any loans owed to Trump. foreign entities. In 2016, Trump became the president. He became the first major party presidential nominee since Richard Nixon in 1972 who refused to release his tax returns during the election. electoral campaign.

Necessary information

The Election Committee House of Representatives Ways and Meansrequested He first made the statements when Democrats took control of the lower house of Congress in 2019. The committee, citing a federal law that allows it to claim special access to individual tax returns, said the < strong>information was needed as part of a review of federal tax law. Republican critics, however, viewed such explanations as nothing more than an excuse for access to Trump's financial documents. nTrumphe refused. He was forced to cooperate with the committee's request, which led to a dispute. A lengthy legal battle ended in when the United States Supreme Court, in an unsigned opinion, upheld the claim. an appeals court ruling said Democrats had the right to comment.

In 2020, 'The New York Times' obtained leaked copies of 18 years of of Trump income returns. In a series of articles on the subject, the newspaper reported on the issue. So the president didn't pay the money. He paid federal taxes in 10 of those 18 years and only $750 (615 pounds) in each of his first two years in the White House. It also revealed that the then president was in a dispute with the Internal Revenue Service over the legitimacy of a refund of $72.9 million that he had claimed and that he had a debt of more than $400 million. dollars that expired in 2024.

A representative of the Trump business empire denied that it was due in 2024. then the veracity of the report. Official copies of the former president's tax returns, now expected to be released before the Republican takeover of Congress on January 3, should settle the matter.

The The vote comes a day after a Democratic-led congressional panel called on the Justice Department to indict the former president on insurrection and other criminal charges related to last year's riots. staged by their supporters at the Capitol in Washington.