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Trump Taxes: House Panel To Release Report On Returns

Photo Caption: The dueling mix of animosity and loyalty inspired by Trump has made the release of the tax forms into a fever-pitched and yearslong grind

The Democratic-controlled House Ways and Means Committee voted along party lines Tuesday to issue a report on Donald Trump’s tax returns — likely offering a deeper look into financial records that the former president tried to shield from the public.

Lawmakers indicated after the vote that the world could see redacted copies Trump's tax filings within a couple of days.

The dueling mix of animosity and loyalty inspired by Trump has made the release of the tax forms into a fever-pitched and yearslong grind, one that could continue well after the public learns more details about the finances, foreign dealings and possible net worth of the one-term Republican president.

The report shows how much of a grip Trump still holds over U.S. politics despite losing reelection in 2020. Democratic lawmakers argued that transparency and the rule of law were at stake by voting to issue the report that legally rests on questions about IRS audits of the wealthy. Republicans countered that the release would set a dangerous precedent with regard to the loss of privacy protections.

Tuesday's vote comes after a multiyear battle that ultimately resulted in the Supreme Court clearing the way last month for the Treasury Department to send the returns to Congress. The committee received six years of tax returns for Trump and some of his businesses.

Democrats faced pressure to act aggressively in the final stretch of this year. With just two weeks left until Republicans formally take control of the House, Tuesday’s meeting was an opportunity for Democrats to disclose whatever information they have on Trump, a reputed multibillionaire who used his wealth as a selling point with voters to win the presidency in 2016.




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