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On Tuesday, US lawmakers voted to release tax returns for Trumpending the former president’s decades-long legal battle to keep these documents confidential as his opaque financial record continues to be controversial.
The Republican leader who announced his intention to re-run for White House after losing the 2020 election, he broke with presidential tradition by refusing to release his notes, sparking speculation about their content.
The proposal received 24 votes for D 16 against in the Democratic-led House Ways and Means Committee to release the tax returns of a billionaire from from 2015 to 2020.
Congressman Democrat Lloyd Doggett told CNN a brief report will be sent to the full House of Representatives with the analysis of the Joint Committee on Taxation Congress.
Voting takes place after the Chairman of the Committee, Richard Nealhad access to the documents at the end of an extensive legal battle that went as far as Supreme Court.
“It was not about punishment, it was not about malice, and there were no leaks from the committee,” he said. Nile after the vote.
Only a small group of lawmakers have seen tax returns that fall under privacy laws that make leaking details a felony.
The law, however, allows taxation legislators to review the returns of any US taxpayer.
finance Trump they have always been of great interest to the public, partly due to the fact that he tried to keep them a secret, but also because of his lavish lifestyle as a real estate mogul before he became president.
Complications for Trump
Tax returns can show how much you donate to charity, whether you have overseas business or other conflicts of interest, and how your business has been affected by your presidency and the pandemic.
Family business group Trump was convicted of tax fraud earlier this month in a case that Manhattan District Attorney Alvin Bragg said was “about greed and deceit.”
Trump himself has not been charged, but the Trump Organization and another organization have been found guilty of running a fraud and tax evasion scheme by falsifying business records.
An investigation published in 2020 by the magazine New York Times on finances, Trump claimed he paid little or no federal income tax for years before he took office.
All presidents of USA everyone from Richard Nixon to Trump’s predecessor Barack Obama released their full tax returns, except for Gerald Ford, who submitted their summaries.
(According to AFP)
Source: RPP
I’m a passionate and motivated journalist with a focus on world news. My experience spans across various media outlets, including Buna Times where I serve as an author. Over the years, I have become well-versed in researching and reporting on global topics, ranging from international politics to current events.