Democrats in Congress released the former president’s tax returns, which he tried to hide for six years. Trump spoke of the “terrible consequences” of this decision for the country.
On Friday, December 30, the US House of Representatives Committee published former US President Donald Trump’s tax returns, which he has refused to make public for several years, Reuters reports.
Democrats in Congress have released six years of Donald Trump’s tax returns to the public. We are talking about the documents that the former US president tried to keep secret for a long time, because he once again claims a high position in the White House in 2024.
“The Democratic-controlled committee of the US House of Representatives released Trump’s 2015-2020 records, ending a year-long struggle between the former Republican president and Democratic lawmakers that was settled just last month by the US Supreme Court. Nearly 6,000 pages of records include more than 2,700 pages of personal records Trump and his wife Melania Trump, as well as more than 3,000 pages of reports from his business.
Trump’s tax data will now be available for in-depth scrutiny by journalists, independent tax experts, and other interested parties in preparation for the 2024 presidential election. They will be able to not only shed light on Trump’s circumstances and the methods by which he reduced his tax liabilities. Records show that Trump’s income and tax liability fluctuated from 2015 to 2020, during the election race and his first term in office. He and his wife claimed large deductions and compensation for damages, in effect paying little to no income tax for several years.
Trump responded by criticizing Democratic officials for releasing his tax returns, warning of “dire consequences” of the decision for the country, The Hill reports.
“The Democrats shouldn’t have done this, the Supreme Court shouldn’t have approved this, and it’s going to lead to terrible things for a lot of people. The great divide of the US is going to be even deeper now,” Trump said in a statement issued shortly. after the House of Representatives published his tax returns.
According to Trump, these declarations show once again “that I should be proud of the successful use of depreciation and other tax deductions as an incentive to create thousands of jobs and good structures and businesses.”
As you know, Trump, as a businessman who first held public office, became the first presidential candidate in a decade and then the president who did not publish his tax returns. A month ago, the US Supreme Court, after years of litigation, ruled in favor of the Committee.
It will be remembered that Democrats have long tried to get official information about the president’s taxes. According to The New York Times in 2018, Trump received at least $413 million from his father’s real estate company to help avoid US taxation
And in 2020, The New York Times reported, citing tax returns, that Trump had not paid federal income tax in ten years.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.