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TRUMP Having the House release my tax returns will do "terrible things" for many

 


Trump: The House of Representatives publishing my tax returns will lead to

"terrible things" for many


Former US President Donald Trump denounced the publication by Congress of his tax returns, saying the move showed his "success with pride" and affirmed his ability to exploit legal loopholes to create thousands of new jobs.


The House Income and Spending Committee released Trump's personal accounts from 2015 to 2020, when billionaire taxes ranged from $0 million to $1 million.



This is a two-way street movement

Democrats shouldn't have done this

the Supreme Court should have disagreed, it's going to have terrible consequences for many people, and the great American divide is going to get much wider, Trump said in a statement.


"Trump's tax returns once again reflect how triumphantly I have achieved and how I have been able to leverage the revaluation of various assets and tax deductions as an incentive to create thousands of opulent jobs, buildings, and businesses," Trump said in his statement.



The assertions that state that out of six years

In 2020, only two Trump businesses turned a profit.

he never paid taxes at all, in 2016 and 2017 it was $750.


Trump paid $ 642 thousand in 2015

$ 999 thousand and $ 133 thousand in 2018 and 2019, respectively.


Trump attempted to hide his comments and appealed to the Supreme Court, but they were denied.




Congress intends to publish Donald Trump's tax returns

The U.S. Congressional Revenue and Expenditure Committee announced its intention to publish former President Donald Trump's 2015-2021 tax returns on December 30, which the Treasury Department handed over to lawmakers.



According to Reuters

the committee, in which Democrats constitute the majority

voted to publish these documents on December 20.

However

  • the statements were not immediately
  • made public because of confidential information
  • which will be hidden during publication.

Earlier :

lawyers for the former US president appealed to the US Supreme Court

demanding that statements be forbidden from being passed on to

lawmakers on the committee

and Trump's representatives insisted that the request by Democratic members of Congress to receive declarations was unlawful and only motivated by a desire to extract political gains.

In November

  • the Supreme Court refused to grant this request and allowed
  • the Department of Finance to submit these documents to
  • the Committee, and Trump refused, under various pretexts

to release his tax returns

despite asking his political opponents to do so since the 2016 presidential race.



His companies were subject to regulatory scrutiny and, according to Trump, it was not desirable to release information about tax cuts.


The New York Times

claimed in September 2020 that

its journalists had read Trump's tax returns more than 20 years ago and claimed that in 2016 and 2017, he had paid a total income tax of just $1,500.


Donald Trump, a 76-year-old Republican, announced on November 15 that he would run again for president in 2024.