Congress Releases Trump’s Tax Returns

Congress Releases Trump’s Tax Returns

WASHINGTON (WABNEWS).- A committee of the United States Congress released the six-year tax returns of former President Donald Trump (2017-2021) this Friday.

Trump had asked the Supreme Court to keep his remarks confidential, but the U.S. Supreme Court denied his request on November 22.

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long plot about taxes

The Democratic-controlled House Ways and Means Committee released documents on Friday that put an end to a long dispute with Trump, who aspires to be the 2024 Republican presidential nominee.

“The president is no ordinary taxpayer. He has power and influence unlike any other American. And with great power comes great responsibility,” said the commission’s chairman. Rep. Richard Neal said in a statement.

File photo of House Ways and Means Committee Chairman Richard Neal. WABNEWS/David Maxwell

Hundreds of pages of published documents reveal that the former president paid very little income tax during the years he was in government, according to an investigation conducted by local media.

Trump released a statement opposing the release of his statement, asserting that “the Democrats should never have done it and the Supreme Court should never have approved it.”

But the Republican says the meager taxes paid over the years show his “success” in using “tax credits” to create “thousands of jobs.” I argued that it was not too much.

The dispute over those statements dates back to 2019, when the Ways and Means Commission issued a legal subpoena to access that information as part of an investigation into possible tax violations by Trump.

He petitioned under a 1924 law to allow the leaders of certain congressional committees, including Ways and Means, to ask the U.S. Treasury Department and Secretary of the Treasury to release taxpayers’ tax returns. .

Trump broke tradition

Trump was the first U.S. president since Gerald Ford (1974-1977) not to release his tax returns every year.

On December 30, 2022, a US congressional committee in Washington released copies of former President Donald Trump’s tax returns. WABNEWS/Sean Shue

“You can’t get much out of a tax return, but if it’s not yours, it’s illegal to release it,” Trump said last week.

The former Republican president has claimed in the past that his statements are subject to audit by the U.S. Internal Revenue Service (Treasury), but many legal experts believe he could disclose them if he wanted. He asserted that there are no regulations preventing him from doing so.

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