The chairman of the committee Rep. Richard Neal (D-MA) and Rep. Kevin Brady (R-TX) speak during a meeting of the House Ways and Means Committee on Capitol Hill on December 20, 2022 in Washington, DC.

Drew Anger | Getty Images News | Getty Images

The House Ways and Means Committee began meeting Tuesday to consider the possibility of making public the federal income tax returns proposed by former President Donald Trump.

The Democratic-controlled committee last month obtained the tax returns from the Internal Revenue Service after a years-long civil war to get them over Trump’s objections.

The committee immediately closed the meeting to the public to discuss the return. The public meeting is expected to resume on Tuesday after the executive session.

Police officers delivered documents believed to be Trump’s tax returns shortly before the 3 p.m. hearing.

CNBC Politics

Read more about CNBC’s political coverage:

Rep. Kevin Brady of Texas, a Republican about ways and means, warned about the possibility of issuing returns.

“I’ll make it clear that the president should not have publicly announced his tax returns as usual, or the accuracy of his taxes,” said Brady to reporters. “That’s for the IRS and the taxpayer to determine.”

“Our concern is that, if adopted, this committee action will set a terrible precedent that unleashes a dangerous new political weapon that goes far beyond previous presidents and reverses the privacy protections for average Americans that have existed since the Watergate reform,” Brady said. .

Trump broke decades of political precedent as a Republican candidate for the White House and then as president by refusing to release his tax returns for the public.

The document comes as the House Ways & Means Committee held a hearing on former President Donald Trump’s tax returns on Capitol Hill in Washington on Tuesday, December 20, 2022.

Andrew Harnick | AP

During his administration, the Treasury Department refused to release its Ways and Means returns when requested by the panel’s chairman, Rep. Richard Neal, D-Mass. The department said there was no legal basis for the request.

The committee said it wants the returns as part of a review of how the IRS audits the tax returns of sitting presidents each year.

The Treasury dropped its opposition to releasing the returns after President Joe Biden, a Democrat, took over.

Trump sued to block their extradition, but lost that effort in lower federal courts and, ultimately, in the Supreme Court last month.

Tuesday’s House Rules and Procedures Committee hearing is less than a month away before Republicans take control of the House majority. GOP lawmakers are expected to cancel the committee’s investigation into Trump’s tax returns.

This is good news. Check back for updates.



Source link