Trump's tax returns to be released Friday after long fight
A House committee is set to release six years of Donald Trump’s tax returns on Friday, pulling back the curtain on financial records that the former president fought for years to keep secret.
The Democratic-controlled House Ways and Means Committee voted last week to release the returns, with some redactions of sensitive information, such as Social Security numbers and contact information. Their dissemination comes in the waning days of Democrats' control of the House and as Trump's fellow Republicans prepare to retake power in the chamber.
The committee obtained six years of Trump’s personal and business tax records, from 2015 to 2020, while investigating what it said in a Dec. 20 report was the Internal Revenue Service’s failure to pursue mandatory audits of Trump on a timely basis during his presidency, as required under the tax agency’s protocol.
The release raises the potential of new revelations about Trump’s finances, which have been shrouded in mystery and intrigue since his days as an up-and-coming Manhattan real estate developer in the 1980s. The returns could take on added significance now that Trump has launched a third campaign for the White House.
Trump’s tax returns are likely to offer the clearest picture yet of his finances during his time in office.
Trump, known for building skyscrapers and hosting a reality TV show before winning the White House, broke political norms by refusing to make public his returns as he sought the presidency — though he did give some limited details about his holdings and income on mandatory disclosure forms.
Instead, Trump has touted his wealth in the annual financial statements he gives to banks to secure loans and to financial magazines to justify his place on rankings of the world’s billionaires.
Trump’s longtime...
