Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

House Dems poised to release Trump’s tax secrets

House Dems poised to release Trump’s tax secrets

The move could pile on to the controversies surrounding the former president.
House Democrats will likely unmask new details about former President Donald Trump’s long-hidden taxes following a key meeting now set for next week.

That would be a highly unusual move sure to ignite another post-presidential controversy surrounding Trump, who is running again for the White House.

Ways and Means Committee Chair Richard Neal won access to Trump’s filings in November, after a long court fight, but they remain closely held, with only a handful of lawmakers and aides allowed to examine them. They’re still protected by strict privacy laws that make it a felony for anyone to divulge even basic details about Trump’s taxes.

But there is a way around those rules: Neal’s committee could vote privately to make them public, and that’s what the Massachusetts Democrat wants his colleagues to consider in a closed-door meeting now set for Tuesday at 3 p.m.

Democrats intend to release specifics from the returns, though what exactly will be unveiled is unclear. They could release Trump’s entire returns or perhaps something more limited, such as a summary.

Most of Neal’s colleagues have yet to see the filings, though he has granted access to the panel’s ranking Republican, Rep. Kevin Brady (R-Texas).

It would be extremely rare for lawmakers to forcibly release someone’s tax information, especially a former president’s, and Trump was not legally required to disclose any of his tax information while he was running for president or after he was elected.

But he defied a decades-old tradition of presidents voluntarily releasing their returns, incensing Democrats, who waged a three-and-a-half year court fight for the documents. A century-old law allows the heads of Congress’ tax committees to see anyone’s returns.

Many Democrats say the public has a right to know where the president’s earnings come from, and how much he pays in taxes. They also want to know how vigorously the IRS has been implementing a long-standing policy of automatically auditing every president.

“Nearly four years ago, the Ways and Means Committee set out to fulfill our legislative and oversight responsibilities, and evaluate the Internal Revenue Service’s mandatory audit program,” said Neal, in a statement.

“As affirmed by the Supreme Court, the law was on our side, and on Tuesday, I will update the members of the committee.”

Democrats believe the law granting Neal access to the filings only applies to the chairs of the tax panels, not their ranking members, so they’re racing to act before Republicans take over the House on Jan. 3.

Neal demanded Trump’s personal returns and filings for eight business entities from 2015 to 2020.

That overlaps with some of the records previously reported by the New York Times but also includes ones from additional years.

Trump’s real estate business was convicted earlier this month of tax fraud. He is promising an appeal.

Republicans say Democrats want to embarrass Trump, and that releasing the returns would create a bad precedent that may be used against others.

Republicans, though, released protected tax information about conservative groups during the Obama administration, as part of their investigation into whether the IRS had discriminated against groups seeking tax-exempt status.

Before that, amid a controversy over former President Richard Nixon’s taxes, experts say Congress released some of his private information alongside filings that Nixon had voluntarily disclosed.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Woman Receives Gift Card for Christmas – Discovers It Is ‘Worth’ 63,000,000,000,000,000 Pounds
United Nations Calls for Global Action Against Disinformation and Hate Speech Online
Tucker Carlson warns of an inevitable clash in Western societies over mass migration
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
Poland's President Karol Nawrocki ENDS support for Ukrainian citizens:
Italy's PM Giorgia Meloni highlights record employment and economic growth
Chancellor Friedrich Merz Re-elected as CDU Leader, Opposes AfD Influence
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
UK Government Considers Law to Remove Prince Andrew from Royal Line of Succession
Two teens arrested in France for alleged terror plot.
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Greek Prime Minister Kyriakos Mitsotakis advocates for a ban on minors using social media.
Meanwhile in Time Square, NYC One of the most famous landmarks
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Former President Yoon Suk Yeol Sentenced to Life in Prison for Abuse of Authority
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
German Chancellor Friedrich Merz calls for real name use on social media.
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
European Commission Plans Purchase Incentives Limited to Vehicles Manufactured Largely in the EU
French District of Pas-de-Calais Introduces Immediate License Suspension for Drivers Using Mobile Phones
Volkswagen Targets €60 Billion in Cost Reductions as Sales Decline and Global Pressures Intensify
Eighty-Year-Old Lottery Winner Sentenced to 16.5 Years for Drug Trafficking
Rubio Calls for Sweeping U.N. Reform, Saying It Has Failed to End Wars in Gaza and Ukraine
10,000 Condoms Distributed at Winter Olympics 2026 Athlete Village Depleted Within 72 Hours
Poland's President Advocates for Evaluating Independent Nuclear Weapons Development
Mayor of Serdobsk in Russia’s Penza Region Resigns After Housing Certificates Granted to Migrant Family Trigger Public Outcry
China’s EV Makers Face Mandatory Return to Physical Buttons and Door Handles in Driver-Distraction Safety Overhaul
UK Green Party Considering Proposal to Legalize Heroin for an Inclusive Society
OpenAI and DeepCent Superintelligence Race: Artificial General Intelligence and AI Agents as a National Security Arms Race
We will protect them from the digital Wild West.’ Another country will ban social media for under-16s
Heineken announces cut of 6,000 jobs due to declining beer demand
Apple iPhone Lockdown Mode blocks FBI data access in journalist device seizure
Belgium: Man Charged with Rape After Faking Payment to Sex Worker
KPMG Urges Auditor to Relay AI Cost Savings
Canada Opens First Consulate in Greenland Amid Rising Geopolitical Tensions
China unveils plans for a 'Death Star' capable of launching missile strikes from space
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
U.S. State Department Issues Urgent Travel Warning for Citizens to Leave Iran Immediately
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
Eighty-one-year-old man in the United States fatally shoots Uber driver after scam threat
Political Censorship: French Prosecutors Raid Musk’s X Offices in Paris
AI Invented “Hot Springs” — Tourists Arrived and Were Shocked
France Begins Phasing Out Zoom and Microsoft Teams to Advance Digital Sovereignty
Tech Market Shifts and AI Investment Surge Drive Global Innovation and Layoffs
Global Shifts in War, Trade, Energy and Security Mark Major International Developments
Markets Jolt as AI Spending, US Policy Shifts, and Global Security Moves Drive New Volatility
Tesla Ends Model S and X Production and Sends $2 Billion to xAI as 2025 Revenue Declines
×