Beautiful Virgin Islands

Saturday, Jan 28, 2023

House Dems poised to release Trump’s tax secrets

House Dems poised to release Trump’s tax secrets

The move could pile on to the controversies surrounding the former president.
House Democrats will likely unmask new details about former President Donald Trump’s long-hidden taxes following a key meeting now set for next week.

That would be a highly unusual move sure to ignite another post-presidential controversy surrounding Trump, who is running again for the White House.

Ways and Means Committee Chair Richard Neal won access to Trump’s filings in November, after a long court fight, but they remain closely held, with only a handful of lawmakers and aides allowed to examine them. They’re still protected by strict privacy laws that make it a felony for anyone to divulge even basic details about Trump’s taxes.

But there is a way around those rules: Neal’s committee could vote privately to make them public, and that’s what the Massachusetts Democrat wants his colleagues to consider in a closed-door meeting now set for Tuesday at 3 p.m.

Democrats intend to release specifics from the returns, though what exactly will be unveiled is unclear. They could release Trump’s entire returns or perhaps something more limited, such as a summary.

Most of Neal’s colleagues have yet to see the filings, though he has granted access to the panel’s ranking Republican, Rep. Kevin Brady (R-Texas).

It would be extremely rare for lawmakers to forcibly release someone’s tax information, especially a former president’s, and Trump was not legally required to disclose any of his tax information while he was running for president or after he was elected.

But he defied a decades-old tradition of presidents voluntarily releasing their returns, incensing Democrats, who waged a three-and-a-half year court fight for the documents. A century-old law allows the heads of Congress’ tax committees to see anyone’s returns.

Many Democrats say the public has a right to know where the president’s earnings come from, and how much he pays in taxes. They also want to know how vigorously the IRS has been implementing a long-standing policy of automatically auditing every president.

“Nearly four years ago, the Ways and Means Committee set out to fulfill our legislative and oversight responsibilities, and evaluate the Internal Revenue Service’s mandatory audit program,” said Neal, in a statement.

“As affirmed by the Supreme Court, the law was on our side, and on Tuesday, I will update the members of the committee.”

Democrats believe the law granting Neal access to the filings only applies to the chairs of the tax panels, not their ranking members, so they’re racing to act before Republicans take over the House on Jan. 3.

Neal demanded Trump’s personal returns and filings for eight business entities from 2015 to 2020.

That overlaps with some of the records previously reported by the New York Times but also includes ones from additional years.

Trump’s real estate business was convicted earlier this month of tax fraud. He is promising an appeal.

Republicans say Democrats want to embarrass Trump, and that releasing the returns would create a bad precedent that may be used against others.

Republicans, though, released protected tax information about conservative groups during the Obama administration, as part of their investigation into whether the IRS had discriminated against groups seeking tax-exempt status.

Before that, amid a controversy over former President Richard Nixon’s taxes, experts say Congress released some of his private information alongside filings that Nixon had voluntarily disclosed.
Newsletter

Related Articles

Beautiful Virgin Islands
Close
0:00
0:00
Tesla reported record profits and record revenues for 2022
I have a dream, MLK inspiring speech
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Aretha Franklin, Marvis Staples - Oh Happy Day
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
BVI Freedom Song
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Billy Preston - You Can't Beat God Giving (Live)
Who’s Threatening Israeli Democracy?
VIRGIN ISLANDS REGGAE CARIBBEAN RIDDIMZ
Federal Reserve Probes Goldman’s Consumer Business
Oh Happy Day Edwin Hawkins - Anthony Brown w FBCG Combined Choir
China's first population drop in six decades
'Stand by Me' performed by Karen Gibson and The Kingdom Choir
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
National Anthem of the British Virgin Islands - Oh, Beautiful Virgin
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Hello Dolly
Tesla slashes prices globally by as much as 20 percent
for KING & COUNTRY - Amen (Reborn) [feat. Lecrae & The WRLDFMS Tony Wi
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
Bob Marley - Get Up Stand Up
After Failing To Pay Office Rent, Twitter May Sell User Names
Yes He Can
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
What A Friend We Have In Jesus
FIFA president questioned by prosecutors
Unforgettable
Britain's Sunak breaks silence and admits using private healthcare
Touch The Hem Of His Garment
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
The Lord's Prayer
Saudi Arabia set to overtake India as fastest-growing major economy this year 
THE GOD MOVEMENT...BEAUTIFUL BVI
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
Siyahamba
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
Ray Charles And The Voices Of Jubilaton, Oh, Happy Day
TikTok CEO Plans to Meet European Union Regulators
Ramblin' Rose
UK chaos: Hong Kong emigrants duped by false prospectus
Protoje - Who Knows ft. Chronixx
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Pressure - Virgin Islands Nice
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Phil Wickham - House Of The Lord
Will Canada ever become a real democracy?
My God Is Real (Yes, God Is Real)
Hong Kong property brokerages slash payrolls in choppy market
The Lion King Circle of Life by LEBO M. — LIVE at the HAVASI Symphonic
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Louis Armstrong - When The Saints Go Marching In
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Kanye West Sunday Service - hallelujah, salvation, and glory
Coinbase to Pay $100 Million in Settlement With New York Regulator
Jonathan Nelson - I Believe (Island Medley
FTX assets worth $3.5bn held by Bahamas securities regulator
From The Virgin Islands Sqad Up
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Common, John Legend - Glory
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Anthony Evans vs. Jesse Campbell - If I Ain't Got You
Hong Kong to scrap almost all its Covid rules
I have a dream, MLK inspiring speech
EU calls screening of travellers from China unjustified
Aretha Franklin, Marvis Staples - Oh Happy Day
US imposes Covid testing for visitors from China
BVI Freedom Song
×