Thursday, December 22, 2022

A Taxing Explanation, Con't

One of the big takeaways from the release of Donald Trump's taxes (besides the fact the man is clearly a tax cheat) is the fact that the IRS never actually audited Trump's tax returns until after Democrats took over the House in 2019, which was required by Watergate-era law.
 
The House Ways and Means Committee in its own report said it found that only one audit was started while Trump was in office and no audits were completed.

This is in violation of standing IRS policy.

"The Committee expected that these mandatory audits were being conducted promptly and in accordance with IRS policies," Committee Chairman Rep. Richard Neal, D-Mass., said in a statement. "However, our review found that under the prior administration, the program was dormant. We know now, the first mandatory audit was opened two years into his presidency. On the same day this Committee requested his returns."
In a vote split along party lines, the Democrats on the panel voted in support of the release while Republicans voted against the measure.

Whether or not to release the former president's tax records has become a point of contention, with Republicans arguing that doing so would set a dangerous precedent.

Democrats on the panel had argued that the president's tax returns were necessary for the panel to evaluate the IRS's presidential audit program. In response, Trump filed an emergency application on Oct. 31 to block the release. But the the Supreme Court denied Trump's request to block the committee's request, clearing the way for the records to be released.

"We anticipated the IRS would expand the mandatory audit program to account for the complex nature of the former president's financial situation yet found no evidence of that," Neal said. "This is a major failure of the IRS under the prior administration, and certainly not what we had hope to find."

In the committee's separate report, it made recommendations for the future of the IRS presidential audit program and stated: "Congress should codify the mandatory audit program to require the IRS to conduct mandatory audits while a President is in office and publicly disclose related returns and return information."

This is, because, in the words of the Democrat-led panel, "Americans must have confidence that no taxpayer is able to operate above the law. This, of course, extends to the President of the United States, who is the single most powerful public official in the country."

Democrats' fight for Trump's tax returns on a legal front have been ongoing for more than three years, beginning in 2019.

Neal had requested the IRS turn over then-President Trump's tax returns spanning 2013 to 2018, but was denied by the Treasury Department, which oversees the IRS. The department said the request was not supported by a legitimate legislative purpose, NPR previously reported, and was "pretextual."
 
In other words, the audit itself was skipped for Trump's first two years, and he never would have been audited if Democrats hadn't won the House back in 2018. The audit then became the excuse to block the release of Trump's fishy-ass tax returns, because the audit was then never completed.
 
Trump ordered this done 100%.
 
Hopefully the Senate will take up the challenge, which they can finally do in a 51-49 scenario which would give committee chairs subpoena power with a simple majority. 

It however remains true that if Democrats hadn't won the House in 2018, we would have never known that the required audits of Trump's taxes were not being done.

And yes, it means Trump lied to everyone about his audits. Yet more possible criminality to explore, as at every turn, Trump wanted the actual trail of his illegal proceedings removed and eliminated. Recall that Presidents Obama and Biden have gotten audited for every year of their terms and there were no issues.

Trump hid everything. He cannot be allowed to hold office again.

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