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House Committee Takes Step Toward Potential Release of Trump’s Tax Data

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WASHINGTON — A House committee is scheduled to vote Tuesday on whether to release former President Donald J. Trump’s six-year tax returns.

The Ways and Means Commission will meet behind closed doors on Friday at 3 p.m. Tuesday to vote on whether to release some data from Trump’s tax returns from 2015 to 2020. I notified you. share filings. The panel received information from the Ministry of Finance last month.

A vote like this, which Republicans are likely to oppose, would break modern precedent and Trump’s decision to refuse to disclose his personal financial information while sitting as a presidential candidate and thereafter. It will be the culmination of almost four years of fighting, which resulted from president.

For now, lawmakers remain restricted by law on what they can say on the issue. It asked for tax returns and said it involved “documents protected by Internal Revenue Code Section 6103.”

It referred to the law that gave Mr. Neil the power to obtain returns.

“Nearly four years ago, the Board of Revenue undertook its legislative and oversight responsibilities to assess the Internal Revenue Service’s mandatory audit program,” Neal said in a separate statement. “As the Supreme Court confirmed, the law was on our side. On Tuesday, I will update the members of the committee.”

Trump’s lawyers did not immediately respond to a request for comment.

It is not clear whether the release of the records will reveal any major findings. New York prosecutors have already given access to some Trump-related tax data, and his family business has been the subject of multiple investigations. . The New York Attorney General has sued Trump and his three children, accusing them of lying to lenders and insurance companies by fraudulently overvaluing his assets.

The New York Times is also examining Mr. Trump’s taxes, including obtaining more than two decades of 2020 tax filing data. In 11 of the 18 years the Times investigated, he paid no federal income tax. He also cut his taxes with questionable measures, including a $72.9 million tax refund that was subject to an IRS audit as of 2020.

Still, the returns obtained by the Commission include more recent data.

The law, known as Section 6103, gives the Board of Revenue the authority to require taxpayer returns to be filed with the IRS. By law, committees must normally keep their information confidential, but if the committee votes to report it to the House of Representatives, it also becomes legal to make it public.

Neal first asked for Trump’s tax returns in 2019, when Democrats took over the House of Representatives in the 2018 midterm elections and began attempting to oversee the Trump administration.

The Ways and Means Commission said it needs the records to evaluate the IRS program that audits the president. Trump’s legal team accused the commission of blaming the politically-motivated catch survey pretext and lacking a legitimate legislative purpose.

Trump has pledged to block all Democratic subpoenas, and the Trump administration has instructed the IRS, which is part of the Treasury Department, not to comply with the demands. Trump’s lawyers promised to fight “with all their might” when the commission filed a lawsuit seeking enforcement of the demands.

The case was assigned to Trump-appointed U.S. District Court Judge Trevor N. McFadden for the District of Columbia. For several years, he did not pass any judgments, and Trump ran out of time before the 2020 election.

After the Biden administration took office, the Justice Department said Congress has a legal right to the information it seeks. In late 2021, Judge McFadden finally ruled and agreed the law was on the side of the Ways and Means Commission, but warned he thought it would be a bad idea to release Trump’s returns. did.

The Court of Appeals upheld Judge McFadden’s decision. Last month, the Supreme Court denied Trump’s request to temporarily block the Treasury from turning over the documents while he filed an appeal.

Lawmakers rarely seek to release confidential taxpayer information, but there are some precedents. In 1974, the Tax Commission A bipartisan staff report explaining and analyzing President Richard M. Nixon’s tax returns Based on data requested under previous versions of Section 6103.

And in a 2014 intraparty ballot, House Republicans, led by Michigan Republican Chairman Dave Camp, said: appeal to the Justice Department To investigate their allegations that IRS officials discriminated against conservative groups in deciding which organizations to scrutinize.

The IRS uses names associated with conservative views like The Tea Party when determining nonprofits that qualify as nonpolitical charities eligible to receive tax-deductible donations. was using However, a subsequent Inspector General’s investigation found that names associated with liberal views, such as Progressive and Occupation, were also used.

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