The Democratic-controlled House Ways and Means Committee is meeting to vote on whether to publicly release years of former President Donald Trump’s tax returns
for Trump and some of his businesses. And with just two weeks left until Republicans formally take control of the House, Tuesday's meeting could be the last opportunity for Democrats to disclose whatever information they have gleaned.
“Our concern is not whether the president should have made his tax returns public, as is traditional, nor about the accuracy of his tax returns,” Brady said. “Our concern is that, if taken, this committee action will set a terrible precedent that unleashes a dangerous new political weapon that reaches far beyond the former president and overturns decades of privacy protections for average Americans that have existed since the Watergate reforms.
The articles exposed deep inequities in the U.S. tax code as Trump, a reputed multi-billionaire, paid little in federal income taxes. IRS figures indicate that the average tax filer paid roughly $12,200 in 2017, about 16 times more than the former president paid. "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.
Trump’s longtime accountant, Donald Bender, testified at the Trump Organization’s recent criminal trial that Trump reported losses on his tax returns every year for a decade, including nearly $700 million in 2009 and $200 million in 2010.
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