On Friday morning, December 30 — only four days before a new Republican House majority will be seated — Democrats in the U.S. House of Representatives released six years of former President Donald Trump’s tax returns.
According to New York Times reporters Alan Rappeport and Jim Tankersley, “The release came 10 days after Democrats on the House Ways and Means Committee published two reports about Mr. Trump’s taxes as part of an inquiry into the Internal Revenue Service’s practice of conducting mandatory audits on presidents while they are in office. The reports found that the IRS failed to audit Mr. Trump during the first two years of his presidency and did not begin the examination process until 2019, after House Democrats initiated oversight proceedings in an attempt to gain access to his tax records.”
Trump, for years, aggressively fought the release of his tax returns. The former president insisted that he had nothing to hide, but said they could not be made public because he was being audited by the IRS. Democrats, however, persisted, and finally obtained them from the IRS.
READ MORE:House Ways and Means Committee approves release of Donald Trump's tax returns
In a written statement on December 30, Rep. Richard E. Neal of Massachusetts — the outgoing chairman of the House Ways and Means Committee — explained, “Our findings turned out to be simple — IRS did not begin their mandatory audit of the former president until I made my initial request.”
Rappeport and Tankersley report, “While much of the information in the tax returns has already come to light, including through the two reports released last week, the full records from 2015 through 2020 are expected to provide a rare window into the complexity of Mr. Trump’s finances and whether he may have profited from tax policies he signed into law as president.”
You can download the full PDF here.
READ MORE: Treasury Department hands over six years of Donald Trump's tax returns to Congress
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