Thursday, February 2, 2023

US Congress releases Trump’s tax returns

A US congressional committee on Friday released former President Donald Trump’s tax returns for six years, which may show the former White House chief of staff understated his income tax payments while in office.

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The former president, who asked the Supreme Court for the confidentiality of his statements, did not release these documents into the public light, breaking a tradition that all North American heads of state have followed since the 1970s.

However, following a refusal by the Supreme Court in the United States, the Ways and Means Committee of the Democratic Party-dominated House of Representatives published these data on who wished to run for president in 2024.



Based on this, committee chairman Richard Neill said in a statement that “a president is no ordinary taxpayer. He has power and influence unlike any other American. And with great power comes great responsibility.” “

Instead, Trump asserted that his tax return “shows once again how proudly I have been successful and how I view depreciation and other benefits as incentives to create thousands of jobs and wonderful structures and companies.” I’ve been able to use the tax deduction.”

The demand for the publication of these documents dates back to 2019, when the Ways and Means Committee relied on a 1924 rule that allows the Treasury and the Treasury to claim any taxpayer declarations.

In early December, two companies of the Trump Organization were indicted on charges of tax and financial fraud. However, the former president and his family were not prosecuted.

Nation World News Desk
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