News

Trump’s Taxes Will Likely Be Released By House Dems

House Democrats will likely reveal Donald Trump‘s taxes after a years-long battle over the secretive documents. The returns have remained privileged, despite the decades-long precedent that Presidential candidates voluntarily release their returns. 

Ways and Means Committee Chair Richard Neal (D-Massachusetts) has had the documents since November. After a lengthy court battle to get the returns, Neal is court-sanctioned from releasing details of the records in public. 

Currently, the taxes remain protected under privacy laws – releasing even the most basic tax information is a felony. 

The Ways and Means Committee will vote on whether or not to release the documents. A vote in the affirmative will override the privacy laws, allowing legislators to release Trump’s tax information without breaking the law. The committee will meet on Tuesday at 3 p.m. ET.  

Subscribe to our free weekly newsletter!

A week of political news in your in-box.
We find the news you need to know, so you don't have to.

House Democrats will likely release parts of the tax information; they have not said what details of the tax forms they will release. 

“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,” Neal said 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.”

Since 1976, every president has voluntarily released his tax forms for every year they were in elected office. The release is intended to build public trust in government officials. 

Trump was the first President to flout the long-standing tradition.

Since then, Neal has procured the tax information through a lengthy court battle. He has Trump’s personal returns and some of Trump’s business filings from 2015 through 2020. 

New York State convicted The Trump Organization of tax fraud earlier this month.

Republicans have condemned the move, calling it a political stunt. Republicans on the committee have been granted access to the filings, including top GOP member, Rep. Kevin Brady (Texas).

The New York Times reported that Trump had paid no federal taxes in ten years, from 2000 to 2015. The report suggested Trump lost significantly more than he made.

Ben Shimkus

Recent Posts

Justice Department Recommends Softening Of Marijuana Restrictions

The Justice Department said it had recommended easing restrictions on marijuana in what could be…

6 days ago

Republican House Majority Shrinks To One Vote After Democratic Rep. Tim Kennedy Is Sworn In

Democratic New York State Sen. Tim Kennedy won a special election against Republican West Seneca…

6 days ago

Judge Threatens Trump With Jail For 10 Violations Of Gag Order

On Monday morning, Judge Juan Merchan held Donald Trump in contempt of court for violating a gag…

1 week ago

After Hunter Biden Announces Plans To Sue Fox News, Network Removes Documentary About Him

In a letter sent to Fox News, Hunter Biden's lawyers announced plans to sue the…

1 week ago

Biden Administration Makes It Easier For Air Passengers To Get Refunds

Under a new Biden Administration rule, passengers whose flights are canceled or "significantly" delayed will…

1 week ago

After Democrats Agree To Block Ouster Of Mike Johnson, House Speaker Still Faces Hard-Right Rebellion

On Tuesday, House Democrats said they would join the GOP to kill an effort to…

1 week ago