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Committee decides to release Trump’s tax returns, accuses IRS of audit failures | KTA

NEXSTAR, WASHINGTON — Former President Trump’s tax returns are about to become public after years of controversy over them.

The House Ways and Means Committee voted Tuesday night to release the documents, along with a report accusing the IRS of failing to properly audit Trump.

Republicans, led by Ranking Minority Congressman Kevin Brady, opposed the release.

“Unfortunately, the deed is done,” Brady said.

Democratic Congressman Jimmy Gomez says he voted to release the results because he believes in transparency.

“It is the responsibility and duty of Congress to be a check on the presidency,” Gomez said.

It is expected to take a few days before the public can actually see the returns, as the committee redacts sensitive personal information.

In the meantime, the committee released a summary report showing that over several years, Trump claimed millions of dollars in losses that reduced the amount of taxes he had to pay, sometimes down to zero.

“There were so many red flags there should have been a deeper dive and there wasn’t,” Gomez said.

The committee’s report also claims that the IRS failed to properly audit Trump’s taxes while in office, which is mandatory for any president.

Congresswoman Judy Chu said the revelation was shocking.

“There is clearly something wrong here. The American people have a right to know about this alarming state of non-compliance,” Chu said.

Republicans argue that the release of Trump’s statements sets a bad precedent and violates his privacy.

“Democrats on the Ways and Means Committee have unleashed a dangerous new political weapon,” Brady said.

Democrats say their goal is to make sure the laws and tax system are applied equally to everyone. Now they are trying to pass a law to strengthen the mandatory presidential audit system for the future.

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