Rep. Kevin BradyKevin Patrick BradyBusinesses, States To Pass Trump Wage Tax Deferment Trump’s Drug Price Order Comes Long To Finish Line On The Money: US Deficit Reaches Trillion Amid Pandemic | McConnell: The chance of a relief contract doesn’t look too good. Domestic workers have stopped deferring payroll taxes (R-Texas) on Monday called for an investigation into the sources of the New York Times history that was detailed for up to two decades President TrumpTax documents and business relationships.
Brady, the chief Republican on the House Ways and Means Committee, issued a statement on the Times report It was published on Sunday and said that a “crime was committed” by giving Trump’s tax information to the newspaper.
“While many critics have questioned the accuracy of the article, the prospect that a crime was committed through the disclosure of an individual’s private tax return information – in this case the president – is equally worrying.”
“To ensure that every American is politically protected from illegal tax returns being published, I call for a source investigation and prosecution if the law has been broken,” he added.
The Bombshell Times report detailed that Trump paid a total of $ 750 in federal income taxes in 2016 and 2017. The documents cited also showed that Trump was leveraging his losses to pay no federal income taxes in 10 out of 15 years.
The report also said Trump is facing significant losses and has several large loan periods pending over the next several years, including a $ 100 million loan due in 2022.
The documents were obtained from sources who had legal access to them, the newspaper noted in its report. Prior to publication, a Trump Organization attorney asked the newspaper to review the documents, but the publication declined to protect its sources.
Trump and the White House both contradicted the report, with the president making multiple defenses, though none addressed its core findings. The President first responded to the report, Let’s call it “fake news” during a press conference on Sunday.
He later tweeted Monday morning that the Times obtained the information “illegally” with “bad faith” and said he was “entitled to write-offs and tax credits like everyone else”.
The Times report was released two days before the first presidential debate between Trump and the Democratic candidate Joe BidenJoe BidenNew Biden Campaign Ad Jabs at Trump’s Reported 0 Income Tax Payments Biden Campaign Sells “I Paid More Income Taxes Than Trump” Sticker Trump, Biden have a debate goal: Stop losing. Biden’s campaign jumped on the report in which a was published Campaign display Monday criticized the president for paying $ 750 in federal income taxes.
The president has refused to publish his tax returns during his campaigns and presidency, which is a departure from the tradition of previous modern presidents.
Trump has pointed out an audit by the Internal Revenue Service (IRS) as the reason for not approving the returns. Congressional lawmakers and prosecutors have tried to get it. Experts have said the IRS audit would not prevent Trump from releasing the documents.