Trump tax returns released after long fight

Democrats in Congress USA The former president’s tax returns were published on Friday donald trump for six years, capping a year-long effort to learn the finances of a business magnate who broke decades of political norms when he refused to voluntarily divulge that information while running for the White House.

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The tax returns — which omit certain sensitive personal information, such as bank account numbers and Social Security numbers — are for tax years 2015 through 2020.

Its publication follows a partisan vote last week in the House Ways and Means Committee to make the statements public.

Democrats on the panel argued that transparency and the rule of law were at stake. Republicans countered that the post would set a dangerous precedent regarding the loss of privacy protections.

Trump refused to release his remarks when he ran for president and waged a legal battle to keep them secret while in the White House, but the Supreme Court ruled last month that he must turn them over to the Ways and Means Committee.

The disclosure — just days before Trump’s Republican cronies retake control of the House, hitherto held by Democrats — raises the potential for 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 tax returns could take on added meaning now that Trump has launched a campaign to return to the White House in the 2024 election.

They 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, gave some limited details about his holdings and income on mandatory disclosure forms. He always promoted his wealth in the annual financial statements he provided to banks to obtain loans and to financial magazines to justify his place in the rankings of the world’s greatest billionaires.

Trump’s accounting firm has since denied those claims, and New York Attorney General Letitia James has filed a lawsuit alleging that Trump and the Trump Organization inflated the values ​​of the assets on the returns as part of a fraud that lasted for years. Trump and his company have denied any wrongdoing.

Source: Elcomercio

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