The Democratic-controlled House Ways and Means Committee voted along party lines Tuesday to publicly release a report on Donald Trump’s tax returns, which the former president has long tried to shield
House Committee Votes to Make Trump's Tax Returns Public
The report indicates that the Trump administration may have disregarded an IRS requirement dating back to 1977 that mandates audits of a president’s tax filings. The IRS only began to audit his 2015 tax filings on April 3, 2019, a date more than two years into Trump’s presidency. That date also coincides with committee Chairman Richard Neal, D-Mass., making an “initial request to the IRS for the former President’s return information and related tax returns.
The report raised multiple red flags about aspects of Trump’s tax filings, including his carryover losses, deductions tied to conservation and charitable donations, and loans to his children that could be taxable gifts. But Americans were largely in the dark about Trump’s relationship with the IRS until October 2018 and September 2020, when The New York Times published two separate series based on leaked tax records.showed how Trump received a modern equivalent of at least $413 million from his father’s real estate holdings, with much of that money coming from what the Times called “tax dodges” in the 1990s. Trump sued the Times and his niece, Mary Trump, in 2021 for providing the records to the newspaper.
“Now, Donald Trump is the boss of the agency he considers an adversary,” Neal said in 2020. “It is essential that the IRS’s presidential audit program remain free of interference.”in February 2021 after a protracted legal fight that included two trips to the Supreme Court.
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