Donald Trump’s six-year tax return was released by the House Ways and Means Committee on Friday after years of legal battles by the former president to keep his financial affairs secret.
The disclosure comes after the committee voted 24-16 to make the records public following two reports of Trump’s tax returns, with the committee alleging that the IRS failed to properly examine Trump’s taxes. precisely during his time in office.
“Our findings turned out to be very simple — the IRS did not begin the required audit of the former president until I made my initial request,” said Rep. Richard E. Neal of Massachusetts, chair of the Ways and Means Committee, said in a statement. announced on Friday, the The New York Times report.
Revelations from newly released tax filings between 2015 and 2020 have emerged, including from panel reports last week. Among the most shocking findings were rumors that Trump did not pay income taxes in 2020 at all during his final year in the White House as his income plummeted. The report said he paid $1.1 million in federal income taxes during the first three years of his presidency.
But the release of full data on six years of Trump’s tax returns could yield more insights into Trump’s financial dealings, including whether he personally benefits from tax policies that aren’t available to him. whether he approved it as president or not.
While previous presidents voluntarily made their tax returns public, Trump has refused to follow their example as candidate and president. The Democratic-run committee received only 2015-2020 tax returns in recent weeks after a lengthy legal battle against Trump and his attorneys, who have spent years trying to keep closed profile.
In a campaign video, Trump called his decision to make his tax returns an “outrageous abuse of power.”
“And if you look at what they’ve done, it’s sad for our country,” he added. “It’s just another deranged political witch hunt that’s been going on since the day I went down the escalator at Trump Tower.”
More to follow…
