Are from Donald Trump Launching his initial bid for the presidency in 2015, he went to great lengths to keep his tax returns secret. Are from make a rule that he couldn’t release them because they were being audited to beg the Supreme Court came to rescue him to install a finance minister who basically swore Tear each copy of his tax return into small pieces and then swallow them whole before Congress gets involved, it was a long, ridiculous run. And now, after seven long years, that race has come to a bitter end.
On Wednesday, the House Ways and Means Committee has official get access to six years of Trump’s tax records. This comes after the Supreme Court last week waste the former president’s efforts to keep them from being disclosed to the legislature, which first asked the Treasury Department to bring them back in 2019. In a statement, the department’s spokesman said know New York Times that “Treasury complied with the court’s decision last week.” She did not provide further details, only noting that the records were handed over “in accordance with the guidance of 6103,” which is the part of the law that empowers the Chairman of the Ways and Means Committee — in this case. , Richard Neil— the right to request them.
Like time note, “it’s not clear whether the tax returns contain significant new disclosures,” as we’ve learned a lot about Trump’s finances over the past few years. For example, in 2019, Michael Cohen, the president’s former fixer at the time, told Congress that Trump regularly inflates and deflates the value of his fortune when it benefits him. And earlier this year, the New York attorney general sued Trump and his three adult children, alleging lying to lenders and insurance companies about those properties. (At the time the lawsuit was filed, a lawyer for Trump emphasize that “absolutely no wrongdoing occurred.”) There is also the matter of the criminal case against the Trump Organization, which last year was charged with, among other things, multiple counts. tax fraud (the company pleaded not guilty, currently on trial in Manhattan). And then, of course, there’s the 2018 story from the trio of Pulitzer Prize winners time reporters revealing Trump has amassed much of his fortune through “questionable tax schemes,” some of which include “blatant fraud cases.” (At the time, a lawyer for Trump insisted that “The New York Times‘ allegations of fraud and tax evasion are 100% false and highly defamatory. No fraud or tax evasion by anyone.” He added that if there is to be fraud or tax evasion, Trump had nothing to do with it, saying: “President Trump has almost nothing to do with these matters.” Two years later, same store disclosure that Trump paid $750 in federal income taxes in 2016, another $750 in 2017 and absolutely nothing for 10 years in the previous 15 years.
Unfortunately for the committee, they have very little time to actually examine Trump’s tax returns, as in about a month Republicans will take control of the House, at which point we argued that they would try to pass a law that would make it legal for anyone they wanted to commit tax fraud and other financial crimes. (Another law is likely to be proposed: the federal requirement for every American to watch at least 75 consecutive days. Biden Hunter hearings.) On the other hand, it will probably be an extremely stressful month for Donald J. Trump.