Congress released years’ worth of Donald Trump’s tax returns Friday after a long effort to learn about the finances of a mogul who broke decades of political norms by refusing to voluntarily release the information as he sought the White House.
Democrats in Congress released six years of former President Donald Trump’s tax returns on Friday, the culmination of a yearslong effort to learn about the finances of a onetime business mogul who broke decades of political precedent when he refused to voluntarily release the information as he sought the White House.
He said the returns “once again show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises.
The IRS only began to audit Trump’s 2016 tax filings on April 3, 2019 — more than two years into his presidency — when the committee chairman, Rep. Richard Neal, D-Mass., asked the agency for information related to the tax returns. The House passed a bill in response that would require audits of any president’s income tax filings. Republicans strongly opposed the legislation, raising concerns that a law requiring audits would infringe on taxpayer privacy and could lead to audits being weaponized for political gain.
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