BELOW SUPERNAV drop zone ⇩

House Democrats to decide on releasing Trump’s tax returns

Former President Donald Trump speaks at an event at Mar-a-Lago in Palm Beach, Fla. (AP Photo/Rebecca Blackwell)

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

(NewsNation) — A Democrat-led House committee is set to decide Tuesday whether to release information about former President Donald Trump’s tax returns.

The House of Representatives’ Ways and Means Committee said there will be a vote at 3 p.m. ET on making six years of Trump’s tax records public.

Unlike other presidential candidates, Trump refused to share his returns, and fought Democrats’ efforts to get access to them. While candidates are not legally required to release this information, it’s something presidential hopefuls from both parties have done voluntarily for decades.

Last month, the Supreme Court denied Trump’s request for a temporary order blocking Ways and Means Committee members from accessing the tax returns, ending a yearslong fight for them.

While Trump’s returns are still subject to confidentiality restrictions, Reuters reports that Democrats controlling the committee can still vote to make some details of them public.

Democrats and tax experts will comb through the returns to see what Trump did to lower his tax bills and if he benefited from tax policies he backed as president, The New York Times reported.

Previously, the newspaper uncovered that Trump paid $750 in federal income taxes the year he won the presidency, and another $750 during his first year in the White House. In 10 of the previous 15 years, Trump had paid no income taxes at all, according to the Times, because he reported losing much more money than he made.

After the Supreme Court OK’d the handover of the tax returns to the Ways and Means panel, Rep. Richard Neal, D-Mass., the current committee chair, said members will now be able to “conduct the oversight we’ve sought for the last three and a half years.”

“Since the Magna Carta, the principle of oversight has been upheld, and today is no different,” he said in a November statement. “This rises above politics.”

Republicans, on the other hand, said releasing the former president’s tax returns would set a damaging precedent, NewsNation partner The Hill reported.

“Ways and Means Democrats are unleashing a dangerous new political weapon that reaches far beyond President Trump, and jeopardizes the privacy of every American,” the committee’s Republican leader Rep. Kevin Brady of Texas said in a statement on Saturday, per The Hill. “Going forward, partisans in Congress have nearly unlimited power to target political enemies by obtaining and making public their private tax returns to embarrass and destroy them.”

Reuters and The Associated Press contributed to this story.

Politics

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

AUTO TEST CUSTOM HTML 20241202111905

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Partly Cloudy

la

51°F Partly Cloudy Feels like 51°
Wind
1 mph NNW
Humidity
85%
Sunrise
Sunset

Tonight

Areas of fog. Low near 50F. Winds light and variable.
50°F Areas of fog. Low near 50F. Winds light and variable.
Wind
2 mph ENE
Precip
4%
Sunset
Moon Phase
Waxing Crescent