20 December 2022

Pass the Popcorn


Leeroy Jenkins!!!

The House Ways and Means Committee has voted to release Donald Trump's tax returns.

I think that we are going to discover that the Donald is far further from the billionaire that he claims to be.

One interesting reveal is that the IRS ignored its own rules and did not audit his taxes until the Committee demanded his taxes.

I'm waiting with bated breath for the papers to com out:

The House Ways and Means Committee on Tuesday voted 24-16 to release former president Donald Trump’s tax returns, capping a protracted legal and political battle that began when Trump was in the Oval Office.

Democrats have for more than three years pushed to make Trump’s tax returns public, and the documents were finally made available to the Ways and Means Committee late last month after the Supreme Court denied a last attempt by Trump to withhold the records.

After the vote, the committee revealed that the Internal Revenue Service had failed to audit Trump’s returns during his first two years in office despite a rule mandating such reviews, and never completed any audits while he served.

The IRS began its first audit of Trump’s returns on the same day that Rep. Richard E. Neal (D-Mass.), the Ways and Means chairman, sent a written request in April 2019 for the information, and then assigned the bulk of the work to just one agent, the panel said.
Funny how that works.

………

In its investigation, the Ways and Means Committee homed in on a little known provision in the IRS’s internal rules that has mandated tax audits for sitting presidents since 1977. The panel found that the program was effectively dormant under the Trump administration.

And after the IRS did start an audit in 2019, Trump took a number of steps to try to slow it down, such as seeking information under the Freedom of Information Act, “failing to provide all the facts needed,” and other measures. The IRS’s shortage of needed employees also slowed down the audit, the report said.

The release of Trump’s tax information is the most sweeping such actions taken by Congress in a half-century. A similar action involving a president has not occurred since 1973, when the IRS turned over President Richard M. Nixon’s tax returns to a congressional committee.

I am amused.

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