fbpx

Trump Sues to Block House Committee From Seeing His Tax Returns

What a strange way for an innocent and transparent person to behave.

When news broke on Thursday that the Treasury Department was ordered to turn over six years of Donald Trump’s tax returns to the Department of Justice now headed by President Biden’s appointees, it clearly sent a shockwave through Trumpworld. When Trump claims he “knows more about taxes and tax laws than anybody” it’s probably because he’s spent his life ducking them or figuring out how to get away paying as little as possible. The Treasury Department notified a Federal District Court judge in Washington overseeing the dispute late Friday that it had reached an agreement with the House to hand over the documents, and both sides requested that the court give Trump until Tuesday to respond.

But he didn’t need that long, of course. It was learned on Sunday that Trump is going to sue the new DoJ to try to block House Democrats from seeing the real numbers on his tax returns.

The House Ways and Means Committee might have to wait a little longer to get those taxes, but it’s only a matter of time before its members will finally get a chance to pore over the details of how Trump moved his money around or hid his assets. Trump also has a history of overinflating the value of his properties when it comes to selling them, but downplaying the value on the same properties on his taxes.

 

Even if handed over to Congress, Trump’s tax information may not become public immediately or at all. Rules governing the sharing of sensitive tax information with the Ways and Means Committee require the panel to vote on whether to share any of the information with the entire House or the public.

The New York Times was able to obtain a portion of Trump’s taxes last year, which showed he went years without paying federal income taxes and reported hundreds of millions of dollars in business losses. But the information sought by the House would most likely provide a more comprehensive window into his complex financial dealings.

Trump was already forced to turn over similar documents to the Manhattan district attorney’s office after the Supreme Court ruled last year that the powers of the presidency did not shelter him from turning them over. That investigation is ongoing, but it resulted in charges that the Trump Organization had helped its executives avoid taxes with fringe benefits hidden from authorities.

 



Follow Us On: Facebook and Twitter