Instead of focusing on improving the Country and serving Americans (I know, what foreign concepts!) our CONgress is wasting it’s time with this garbage…
Take a look:
House Ways and Means committee aides wheel tax documents into the committee room ahead of the 3 pm meeting on Trump’s tax returns. pic.twitter.com/Mw3v6hh9a4
— Daniella Diaz (@DaniellaMicaela) December 20, 2022
What a bunch of nonsense.
Trump has been out of office (allegedly) for 2 years and yet they’re still obsessed about him.
What a colossal waste of time!
Speculation is running wild about what we’ll find:
There can’t be anything bad in them, or we’d have hear by now. This is either abuse of a private citizen or election interference by an outgoing, defeated majority. Democrats have brought this country so low. https://t.co/S5kWpENFoI
— Joel Pollak (@joelpollak) December 21, 2022
On Tuesday, Democrats on the House Ways and Means Committee voted to release several years’ worth of former President Donald Trump’s tax returns, in a move that has not been seen before.
The committee’s decision came after its chairman, Richard Neal (D-MA), began a lengthy legal battle in 2019 to obtain Trump’s tax returns.
The U.S. Supreme Court recently denied Trump’s request to block an appeals court order requiring him to turn over his tax returns and financial information to the committee.
The Ways and Means Committee met in a closed-door session for more than three hours before voting along party lines, 24-16, to release Trump’s tax records.
It is unclear when or how the tax records will be released, but the committee stated that there will be two days to redact sensitive information before anything is made public.
Trump’s spokesperson, Steven Cheung, criticized the committee’s decision and accused Democrats of “playing a political game.”
The top Republican on the committee, Kevin Brady (R-TX), warned that the committee’s decision could have serious consequences and could be used as a “dangerous new political weapon” to target political enemies.
The Ways and Means Committee’s decision to release Trump’s tax returns comes shortly before the GOP is set to take control of the committee when they regain the House majority in January.
A U.S. District Judge also cautioned against the public disclosure of Trump’s tax returns, stating that it is a “grave offense” and previous committee chairmen have wisely avoided using the law to make individuals’ returns public.
Major “nothing burger” incoming:
You know what's funny?…. The Trump tax returns are going to be the biggest nothingburger story of the year.
Yet the potential for the boomerang in precedent is replete with opportunity… pic.twitter.com/eXLo1hFdWs
— TheLastRefuge (@TheLastRefuge2) December 21, 2022
Meanwhile, here’s what MOST Americans think:
I don’t give a F-CK about Trump’s tax returns, I care about what he did for EVERY American!!! 👇🇺🇸 pic.twitter.com/kOCZmv6IwU
— Bella (@bellausa17) December 21, 2022
Agree?
In breaking news, the Financial Times is reporting the following:
A summary of Donald Trump’s tax returns has been released to the public. Here are a few key takeaways https://t.co/OdwJ8Cb7SW
— Financial Times (@FinancialTimes) December 21, 2022
Early reports are as follows:
Donald Trump paid just $1.8 million in federal income tax over a six-year period from 2015 to 2020, according to a summary of his tax returns released by the US House Ways and Means Committee.
The summary, which was compiled by Congress’s Joint Committee on Taxation, revealed that Trump declared no taxable income for four of those years and had a combined loss of $82 million.
The two years in which he reported taxable income were 2018 and 2019, with adjusted gross income of almost $29 million.
The documents also showed that Trump used tax deductions and reported losses to reduce his tax bill during his time as president and during his campaign for the White House.
The Joint Committee on Taxation said it had “no opinion” on whether Trump should have paid more tax, but noted a series of items on his tax returns that raised questions about related-party loans made to his children and the validity of certain business activities.
The full, redacted versions of Trump’s tax returns are expected to be published in the coming days.
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