A Taxing Explanation, Con't

The House Ways and Means Committee yesterday voted to release a report on Donald Trump's taxes during his term in the Oval Office. What exactly that report will consist of, well, we don't know. Yet.

The House Ways and Means Committee voted Tuesday to make six years of former President Donald Trump’s tax returns public — potentially ending years of speculation about what they might reveal about his business dealings and personal wealth.

The panel voted along party lines to make the returns available and information could be available as soon as Wednesday — the day the House Jan. 6 committee is set to issue its final report on the riot at the U.S. Capitol — which will be the final days of Democratic control of Congress before Republicans take over the House in January.

Rep. Brendan Boyle, D-Penn., said the vote will make public the tax returns and a separate report about Trump's tax information.

"The actual returns themselves will also be transmitted to the full House and become public, but I was told it will take a few days to a week in order to redact some info that needs to be redacted,” Boyle said.

The information that must be removed is personal in nature.

“The staff is authorized to make technical corrections to the report and to redact sensitive personal identifiable information, such as Social Security numbers, street addresses, personal identification numbers and banking information," committee Chairman Richard Neal, D-Mass., said.

The Ways and Means Committee had spent hours in a closed-door session before taking the vote.

Rep. Kevin Brady, R-Texas, the ranking member, criticized the Democrats’ move and said committee members did not know “exactly what we are releasing” when they voted.

The move is could spark threats of some sort of retaliation from Republicans, who have already vowed to launch probing investigations into President Joe Biden and his family. Some Republicans have already accused Neal of seeking the returns solely for political reasons.

Neal defended the vote immediately afterward.

"This was not about being punitive, it was not about malicious, and there were no leaks from the committee," he said. "We adhered carefully to the law."

Brady told reporters ahead of the meeting that Democrats were pushing an "unprecedented action that will jeopardize the right of every American to be protected from political targeting by Congress."

"No party in Congress should hold that power. It is the power to embarrass, harass or destroy a private citizen through disclosure of their tax returns," Brady said.

 

But of course Republicans and Kevin Brady will regularly use that power against Democrats over the next two years. And note that Richard Neal successfully kept anything from being leaked to the press about Trump's returns other than speculation.

 

Republicans will leak information to FOX all day.  Watch.