Democratic Members of the House Ways and Means Committee led by Chairman Rep. Richard Neal (D-MA) speaks during a press conference on Capitol Hill on Tuesday, Dec. 20, 2022 in Washington, DC.
Kent Nishimura | Los Angeles Times | Getty Images
The House Ways and Means Committee released six years of former President Donald Trump‘s tax returns on Friday, offering the most detailed account yet of his finances while in the White House.
The panel voted last week to make the returns public with redactions of sensitive information after a lengthy legal battle over making the documents public. The Ways and Means Committee last month obtained Trump’s federal income tax returns for the years 2015 to 2020, along with tax records for some of his business entities. The panel had sought the records since 2019, when Trump was president, and he tried to block their release in court.
The committee released a report summarizing the ex-president’s returns earlier this month. The summary prepared by the Joint Committee on Taxation showed Trump declared negative income in 2015, 2016, 2017 and 2020. He paid a total of $1,500 in income taxes for the years 2016 and 2017.
The Democratic-led panel released the returns only days before Republicans are set to take control of the House. The Ways and Means Committee said it wanted Trump’s tax returns as part of a probe of how the IRS audits presidential returns. The agency is required to audit the sitting president’s returns every year.
The vast majority of House GOP lawmakers have defended Trump, who has launched another bid for the Republican presidential nomination in 2024.
The former president broke with decades of precedent by refusing to release his tax returns as a candidate in the 2016 election.
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