News

House committee receives Donald Trump’s federal tax returns from IRS





CNN

The House Ways and Means Committee now has six years of Donald Trump’s federal tax returns, ending a yearlong pursuit by Democrats to learn one of the most closely guarded personal details. of the former president.

“The Treasury Department complied with the court’s decision last week,” a Treasury spokesman told CNN Wednesday.

Supreme Court last week refused to intervene after the courts said the House had the authority to request tax returns from the IRS.

The committee, led by Democratic Representative Richard Neal of Massachusetts, searched Trump’s tax records for six years, mainly from his presidency. That includes records on both Trump personally and some of his corporate entities.

The documents are not expected to be immediately released to the public.

Neal said Wednesday that Democrats will meet behind closed doors to discuss how to handle tax returns and get legal advice on how to proceed. However, such a meeting has not yet been scheduled, he said.

The congressman declined to say whether they would announce any returns. “The next step is to hold a Democratic caucus,” he said.

Trump’s legal team has repeatedly sought to keep his tax returns secret and moved to the Supreme Court – which includes three of his nominees – after he lost at the lower court level.

“No Congress has ever used its legislative power to require the President to file a tax return,” Trump argued before the Supreme Court, as he warned of the “far-reaching implications” of the DC Circuit ruling. . He argued that the way lower courts approached the House’s request violated the Supreme Court’s decision in the Mazars case, regarding a subpoena that the House issued Trump’s accounting firm on his tax information.

Trump’s taxes have been largely a mystery since he first ran for office.

During his 2016 campaign, Trump broke presidential election rules and refused to present his tax returns for public review, and they remained private after he took office.

Being audited by the IRS does not prevent someone from releasing their tax return. But that hasn’t stopped Trump from using it as a safeguard against disclosing his financial information.

In 2016, Trump released a letter from his tax attorneys confirming that he was being audited. But the letter also said the IRS completed a review of Trump’s taxes between 2002 and 2008. Trump has not released his tax returns since those years, although the audits have ended. .

One New York Times extensive reporting in 2020 discovered that Trump did not pay any federal income taxes for 10 of the 15 years starting in 2000 because he reported significantly more losses than he earned.

This story was updated with additional information on Wednesday.

news7d

News 7D: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button