The House took action Thursday after disclosures that the IRS never fully reviewed Donald Trump’s tax returns during his presidency, passing a bill that would require audits of any president’s income tax filings.
during his presidency, passing a bill that would require audits of any president’s income tax filings. The legislation would turn what had been a long-standing post-Watergate norm into established federal policy.
Later this week, the committee is expected to release Trump's returns after a protracted legal battle with the former president. The wealthy businessman declined to fully explain his finances during his 2016 campaign and while in the White House. It would be the first formal release of his financial situation from his time in office.
When Trump defied traditional presidential practice by refusing to disclose his tax returns it raised questions and spurred the committee's investigation. The House Ways and Means Committee oversees tax policy, and like all of Congress, is able to provide a check-and-balance on the executive branch.
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