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      Biden unveils ‘blue-collar’ budget plan with tax hikes for America’s wealthiest

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      Biden unveils ‘blue-collar’ budget plan with tax hikes for America’s wealthiestBlueprint – unlikely to pass given Republicans’ control of House of Representatives – frames president’s aspirations for re-electionJoe Biden on Thursday unveiled his budget, a sprawling plan that the White House says reflects the president’s commitment to creating a fairer economy while challenging Republicans who are demanding steep cuts to federal spending programs.The $6.8tn budget request, the third such request of Biden’s presidency and the first to a divided Congress, is effectively dead on arrival with Republicans in control of the House, and sets the stage for a high-stakes showdown over the nation’s finances. Even so, it frames the president’s policy aspirations ahead of his expected campaign for re-election in 2024.Biden’s budget blueprint would cut the federal deficit by nearly $3tn over the next decade, largely by raising taxes on corporations and high earners. It also includes proposals aimed at lowering the cost of healthcare, prescription drugs, childcare, housing and education while making new investments in domestic manufacturing, cancer research and a paid family leave program.It calls for restoring the child tax credit that helped reduce child poverty by half when Congress temporarily expanded the benefit during the pandemic. Under Biden’s plan, families could claim as much as $3,600 a child, compared with the current level of $2,000.Amid Republican claims that the Democrats are weak on crime and border security, Biden’s plan includes funding for more police officers and border patrol agents. Additional funding would support new technology at points of entry along the border and for cracking down on fentanyl trafficking, according to a factsheet provided by the White House.As tensions rise with Russia and China, Biden proposed a more than 3% increase to defense spending, an $886bn request that includes support for Ukraine and increased funding to allies in the Indo-Pacific region.Biden will formally introduce his spending plan, which he has described as a “blue-collar blueprint”, on Thursday afternoon in Pennsylvania, a battleground state that helped lift him to the White House in 2020. It is an unusually high-profile rollout for a budget proposal that is often greeted with a resounding thud on Capitol Hill.But Biden and the White House believe the suite of popular tax-and-spend proposals will be difficult for Republicans to attack. ​Emphasizing the point, White House officials released polling alongside the budget plan that they say shows overwhelming public support for their policies.“When you look at this president’s view of the world and what this budget puts forward, it shows you what he values,” Shalanda Young, director of the Office of Management and Budget, told reporters on Thursday. “And that’s what this is going to be about that. And we’re happy to have that debate with anybody: who are you for?”Republicans swiftly dismissed the plan as inadequate to address the nation’s debt, which the government projects will rise by $19tn over the next decade.In a joint statement, top House Republicans accused Biden of “shrugging and ignoring” the national debt, which they called one of the “greatest threats to America”.”President Joe Biden’s budget is a reckless proposal doubling down on the same far left spending policies that have led to record inflation and our current debt crisis,” the statement said.Underwriting his plans, the president calls for new tax hikes on the wealthy, including a repeal of the tax cuts that Donald Trump signed into law in 2017 – cuts that disproportionately benefited wealthy Americans. Biden also proposes quadrupling a tax on stock buybacks and raising the corporate income tax rate to 28%.At the heart of his budget is a plan that the White House says would help avert a Medicare funding crisis and extend the program’s solvency for at least 25 years. The plan would raise Medicare taxes from 3.8% to 5% for those who earn more than $400,000 per year to protect the government health insurance program for adults over 65, which is at the heart of a brewing policy debate poised to play a central role in the 2024 presidential election.Republicans have so far refused to put forward a counter-proposal, despite promises to put the US on a path to a balanced budget. Yet by rejecting tax increases and denying charges that they would cut social security or Medicare programs, it is unclear how Republicans would achieve that goal.“Republicans keep saying they want to reduce the deficit, but they haven’t put out a comprehensive plan showing what they’ll cut,” Young said. “We’re looking forward to seeing their budget so the American people can compare it to what we’re putting out today, this president’s vision.”TopicsJoe BidenUS taxationUS politicsUS domestic policyRepublicansDemocratsnewsReuse this content More

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      People vs Donald Trump review: Mark Pomerantz pummels Manhattan DA

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      ReviewPeople vs Donald Trump review: Mark Pomerantz pummels Manhattan DAProsecutor who helped convict John Gotti thinks Alvin Bragg let Trump slip from the hook. His memoir proves controversial Mark Pomerantz is a well-credentialed former federal prosecutor. As a younger man he clerked for a supreme court justice and helped send the mob boss John Gotti to prison. He did stints in corporate law. In 2021, he left retirement to join the investigation of Donald Trump by the Manhattan district attorney. Pomerantz’s time with the DA was substantive but controversial.Trump porn star payment a ‘zombie case’ that wouldn’t die, ex-prosecutor says in bookRead moreIn summer 2021, he helped deliver an indictment for tax fraud against the Trump Organization and Alan Weisselberg, its chief financial officer. At the time, Cy Vance Jr, the son of Jimmy Carter’s secretary of state, was Manhattan DA. Pomerantz also interviewed Michael Cohen, Trump fanboy turned convicted nemesis, pored over documents and clamored for the indictment of the former president on racketeering charges.For Pomerantz, nailing Trump for his hush money payment to Stormy Daniels, the adult film star who claims an affair Trump denies, didn’t pass muster. But that avenue of prosecution was a “zombie case” that wouldn’t die. It still hasn’t: a Manhattan grand jury again hears evidence.Pomerantz saw Trump as a criminal mastermind aided by flunkies and enforcers. He believed charges ought to align with the gravity of the crimes. But as Pomerantz now repeatedly writes in his memoir, Alvin Bragg, elected district attorney in November 2021, did not want to move against Trump. In early 2022, Bragg balked. In March, Pomerantz quit – and leaked his resignation letter.“I believe that Donald Trump is guilty of numerous felony violations of the penal law,” Pomerantz fumed. “I fear that your decision means that Mr Trump will not be held fully accountable for his crimes.”Now comes the memoir, People vs Donald Trump: An Inside Account. It is a 300-page exercise in score-settling and scorn. Pomerantz loathes Trump and holds Bragg in less than high regard. He equates the former president with Gotti and all but dismisses the DA as a progressive politician, not an actual crime-fighter.In a city forever plagued by crime and political fights about it, Bragg’s time as DA has proved controversial: over guns, trespassing, turnstile jumping, marijuana and, yes, the squeegee men.Bragg is African American. This week, a group of high-ranking Black officials protested against Pomerantz’s attacks. In response, Pomerantz called Bragg “respected, courageous, ethical and thoughtful” but said: “I disagreed with him about the decision he made in the Trump case.”In his resignation letter, Pomerantz wrote: “I have worked too hard as a lawyer, and for too long, now to become a passive participant in what I believe to be a grave failure of justice.”Trump, he now writes, “seemed always to stay one step ahead of the law”. That may conjure up images of Road Runner and Wile E Coyote but Pomerantz is serious. “In my career as a lawyer, I had encountered only one other person who touched all of these bases: John Gotti, the head of the Gambino organised crime family.”The Goodfellas vibe is integral to Trumpworld. In The Devil’s Bargain, way back in 2017, Joshua Green narrated how Trump tore into Paul Manafort, his then campaign manager, shouting: “You treat me like a baby! Am I like a baby to you … Am I a fucking baby, Paul?” It was if Trump was channeling Joe Pesci.With the benefit of hindsight, Pomerantz concludes that the US justice department is better suited to handle a wholesale financial investigation of Trump than the Manhattan DA. Then again, the attorney general, Merrick Garland, has a lot on his plate. An insurrection is plenty.Pomerantz’s book has evoked strong reactions. Trump is enraged, of course. On Truth Social, he wrote: “Crooked Hillary Clinton’s lawyer [Pomerantz says he has never met her], radically deranged Mark Pomerantz, led the fake investigation into me and my business at the Manhattan DA’s Office and quit because DA Bragg, rightfully, wanted to drop the ‘weak’ and ‘fatally flawed’ case. This is disgraceful conduct by Pomerantz, especially since, as always, I’ve done nothing wrong!”Really?In December, a Manhattan jury convicted the Trump Organization on 17 counts of tax fraud and the judge imposed a $1.6m fine. Alan Weisselberg pleaded guilty and testified against his employer. Trump and three of his children – Ivanka, Don Jr and Eric – are defendants in a $250m civil lawsuit brought by Letitia James, the New York attorney general, on fraud-related charges. That case comes to trial in October 2023, months before the presidential primary. Sooner than that will be the E Jean Carroll trial, over alleged defamation and a rape claim Trump denies.Significantly, state prosecutors say Pomerantz may have crossed an ethical line.“By writing and releasing a book in the midst of an ongoing case, the author is upending the norms and ethics of prosecutorial conduct and is potentially in violation of New York criminal law,” J Anthony Jordan, president of the District Attorneys Association of the State of New York, announced.Never Give an Inch review: Mike Pompeo as ‘heat-seeking missile for Trump’s ass’Read moreBragg accused Pomerantz of violating a confidentiality agreement. Pomerantz is unbowed. “I am comfortable that this book will not prejudice any investigation or prosecution of Donald Trump,” he states on the page. No formal ethics complaint has appeared.Pomerantz also offers a window on personalities that crossed his path. Cohen receives ample attention. Pomerantz lauds Trump’s former fixer for his cooperation but reiterates that Cohen pleaded guilty to perjury.His conduct left Pomerantz shaking his head. Cohen’s liking for publicity could be unsettling. So was his Oval Office tête-a-tête with Trump over the payment to Daniels. Pomerantz was disgusted. Trump and Cohen, he writes, defiled America’s Holy of Holies, its “sanctum sanctorum”.No harm, no foul. Cohen’s lawyer, Lanny Davis, announced: “Mr Cohen will continue to cooperate with DA Bragg and his team, speaking truth to power – as he has always done.” On Wednesday, Cohen met the Manhattan DA for the 15th time. Pomerantz is gone. The show goes on.
      People vs Donald Trump: An Inside Account is published in the US by Simon & Schuster
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      Biden has revived democratic capitalism – and changed the economic paradigm

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      Biden has revived democratic capitalism – and changed the economic paradigmRobert ReichThe president’s domestic successes offer a rebuke to disciples of Reagan: the ‘free market’ has never existed How can inflation be dropping at the same time job creation is soaring?Schools and universities are ground zero for America’s culture war | Moira DoneganRead moreIt has taken one of the oldest presidents in American history, who has been in politics for over half a century, to return the nation to an economic paradigm that dominated public life between 1933 and 1980, and is far superior to the one that has dominated it since.Call it democratic capitalism.The Great Crash of 1929 followed by the Great Depression taught the nation a crucial lesson that we forgot after Ronald Reagan’s presidency: the so-called “free market” does not exist. Markets are always and inevitably human creations. They reflect decisions by judges, legislators and government agencies as to how the market should be organized and enforced – and for whom.The economy that collapsed in 1929 was the consequence of decisions that organized the market for a monied elite, allowing nearly unlimited borrowing, encouraging people to gamble on Wall Street, suppressing labor unions, holding down wages, and permitting the Street to take huge risks with other people’s money.Franklin D Roosevelt and his administration reversed this. They reorganized the market to serve public purposes – stopping excessive borrowing and Wall Street gambling, encouraging labor unions, establishing social security and creating unemployment insurance, disability insurance and a 40-hour workweek. They used government spending to create more jobs. During the second world war, they controlled prices and put almost every American to work.Democratic and Republican administrations enlarged and extended democratic capitalism. Wall Street was regulated, as were television networks, airlines, railroads, and other common carriers. CEO pay was modest. Taxes on the highest earners financed public investments in infrastructure (such as the national highway system) and higher education.America’s postwar industrial policy spurred innovation. The Department of Defense developed satellite communications, container ships and the Internet. The National Institutes of Health did trailblazing basic research in biochemistry, DNA and infectious diseases.Public spending rose during economic downturns to encourage hiring. Even Richard Nixon admitted “we’re all Keynesians”. Antitrust enforcers broke up AT&T and other monopolies. Small businesses were protected from giant chain stores. By the 1960s, a third of all private-sector workers were unionized.Large corporations sought to be responsive to all their stakeholders – not just shareholders but employees, consumers, the communities where they produced goods and services, and the nation as a whole.Then came a giant U-turn. The Opec oil embargo of the 1970s brought double-digit inflation followed by the Fed chair Paul Volcker’s effort to “break the back” of inflation by raising interest rates so high the economy fell into deep recession.All of which prepared the ground for Reagan’s war on democratic capitalism.From 1981, a new bipartisan orthodoxy emerged that the so-called “free market” functioned well only if the government got out of the way (conveniently forgetting that the market required government). The goal of economic policy thereby shifted from public welfare to economic growth. And the means shifted from public oversight of the market to deregulation, free trade, privatization, “trickle-down” tax cuts, and deficit-reduction – all of which helped the monied interests make more money.What happened next? For 40 years, the economy grew but median wages stagnated. Inequalities of income and wealth ballooned. Wall Street reverted to the betting parlor it had been in the 1920s. Finance once again ruled the economy. Spurred by hostile takeovers, corporations began focusing solely on maximizing shareholder returns – which led them to fight unions, suppress wages, abandon their communities and outsource abroad.Corporations and the super-rich used their increasing wealth to corrupt politics with campaign donations – buying tax cuts, tax loopholes, government subsidies, bailouts, loan guarantees, non-bid government contracts and government forbearance from antitrust enforcement, allowing them to monopolize markets.Democratic capitalism, organized to serve public purposes, all but disappeared. It was replaced by corporate capitalism, organized to serve the monied interests.Joe Biden is reviving democratic capitalism.From the Obama administration’s mistake of spending too little to pull the economy out of the Great Recession, he learned that the pandemic required substantially greater spending, which would also give working families a cushion against adversity. So he pushed for the giant $1.9tn American Rescue Plan.This was followed by a $550bn initiative to rebuild bridges, roads, public transit, broadband, water and energy systems. And in 2022, the biggest investment in clean energy in American history – expanding wind and solar power, electric vehicles, carbon capture and sequestration, and hydrogen and small nuclear reactors. This was followed by the largest public investment ever in semiconductors, the building blocks of the next economy.Notably, these initiatives are targeted to companies that employ American workers.Biden has also embarked on altering the balance of power between capital and labor, as did FDR. Biden has put trustbusters at the head of the Federal Trade Commission and the Antitrust Division of the justice department. And he has remade the National Labor Relations Board into a strong advocate of labor unions.Unlike his Democratic predecessors, Biden has not sought to reduce trade barriers. In fact, he has retained several from the Trump administration. But unlike Trump, he has not given a huge tax cut to corporations and the wealthy. It’s also worth noting that in contrast with every president since Reagan, Biden has not filled his White House with former Wall Street executives. Not one of his economic advisers – not even his treasury secretary – is from the Street.I don’t want to overstate Biden’s accomplishments. His ambitions for childcare, eldercare, paid family and medical leave were thwarted by senators Joe Manchin and Kyrsten Sinema. And now he has to contend with a Republican House.Biden’s larger achievement has been to change the economic paradigm that has reigned since Reagan. He is teaching America a lesson we once knew but have forgotten: that the “free market” does not exist. It is designed. It either advances public purposes or it serves the monied interests.Biden’s democratic capitalism is neither socialism nor “big government”. It is, rather, a return to an era when government organized the market for the greater good.
      Robert Reich, a former US secretary of labor, is professor of public policy at the University of California, Berkeley, and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. His new book, The System: Who Rigged It, How We Fix It, is out now. He is a Guardian US columnist. His newsletter is at robertreich.substack.com
      TopicsState of the Union addressOpinionJoe BidenBiden administrationUS politicsDemocratsUS domestic policyUS economycommentReuse this content More

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      Prosecutors likened Trump to mob boss and had to prove he wasn’t insane – book

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      Prosecutors likened Trump to mob boss and had to prove he wasn’t insane – bookMark Pomerantz, who was on New York team investigating tax affairs, reportedly compares ex-president to John Gotti New York prosecutors building a case against Donald Trump for allegedly lying about his wealth for tax purposes had to show the former president was “not legally insane”, one of those prosecutors reportedly writes in an eagerly awaited new book.Why prosecutors might get Trump – and not Biden – for classified documentsRead moreThe lawyer, Mark Pomerantz, also reportedly compares Trump, the only confirmed candidate for the Republican presidential nomination in 2024, to famous figures in the world of organised crime including John Gotti, the “Teflon Don” who died in prison in 2002.In messages seen by the Guardian on Friday, one former Trump administration official called the comparison “unfair to the late Mr Gotti”.Pomerantz was part of attempts by the Manhattan district attorney’s office to build a case against Trump, but quit in February 2022 as the DA, Alvin Bragg, decided not to indict.Pomerantz is now the author of The People vs Donald Trump: An Inside Account, due to be published in the US on Tuesday. The book has angered Bragg, who is still investigating Trump, and the former president, who has threatened to sue.News outlets obtained the book on Friday. The Daily Beast reported Pomerantz’s words about Trump and insanity.“To rebut the claim that Trump believed his own ‘hype’,” Pomerantz writes, the Beast says, “we would have to show, and stress, that Donald Trump was not legally insane.“Was Donald Trump suffering from some sort of mental condition that made it impossible for him to distinguish between fact and fiction?”According to the Beast, Pomerantz writes that lawyers “discussed whether Trump had been spewing bullshit for so many years about so many things that he could no longer process the difference between bullshit and reality”.The New York Times also obtained the book. It reported that Pomerantz says Trump rose to fame and power “through a pattern of criminal activity”.“He demanded absolute loyalty and would go after anyone who crossed him,” Pomerantz reportedly writes. “He seemed always to stay one step ahead of the law. In my career as a lawyer, I had encountered only one other person who touched all of these bases: John Gotti, the head of the Gambino organised crime family.”A lawyer for Trump, Joe Tacopina, told the Times: “Injecting the name John Gotti into this seems like just another desperate attempt by Pomerantz to sell books.”Pomerantz reportedly writes that he considered a racketeering case under New York laws used against mobsters, an idea eventually dropped as too ambitious.Bragg has recently revived the investigation of Trump’s role in a 2016 hush money payment to an adult film star, Stormy Daniels, who claims an affair with Trump that the ex-president denies.The Manhattan DA is reportedly seeking cooperation from Allen Weisselberg, the Trump Organization chief financial officer recently given a five-month jail sentence for tax offences.Trump faces legal jeopardy on numerous other fronts, from his attempts to overturn the 2020 election to his retention of classified documents and a rape allegation by the writer E Jean Carroll, a claim Trump denies. The former president also faces an ongoing civil suit over his financial practices brought by the New York state attorney general, Letitia James.On Friday, Bragg told the Times: “Our skilled and professional legal team continues to follow the facts of this case wherever they may lead, without fear or favor.“Mr Pomerantz decided to quit a year ago and sign a book deal. I haven’t read the book and won’t comment on any ongoing investigation because of the harm it could cause to the case.”Pomerantz denies prejudicing investigations of Trump. According to the Beast, he writes that when he was on the team, prosecutors “had a case, but it was not without issues, and certainly could not be described as a slam dunk”.He also reportedly describes disagreements within Bragg’s team about how to proceed.“It was frustrating to feel like we were about to march into battle and were strapping on our guns and equipment, but when we looked around at the rest of the platoon we saw a lot of conscientious objectors,” Pomerantz reportedly writes.The Times said: “The book’s description of conversations between Mr Pomerantz and Mr Bragg’s team could arguably complicate the investigation. In particular, Mr Pomerantz detailed Mr Bragg’s opposition to using Michael D Cohen, a longtime fixer for Mr Trump who turned on the former president, as a witness, an awkward disclosure now that Mr Cohen may become one of Mr Bragg’s star witnesses.”Cohen was jailed for offences including the payment to Daniels. He said this week he had once again given his phones to investigators.In his book, the Times said, Pomerantz calls Bragg’s investigation “the legal equivalent of a plane crash”, caused by “pilot error”.On Friday, Bragg told the Times: “Mr Pomerantz’s plane wasn’t ready for takeoff.”TopicsBooksDonald TrumpUS politicsUS taxationUS crimeOrganised crimePolitics booksnewsReuse this content More

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      Trump tax returns: key takeaways from the records release

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      AnalysisTrump tax returns: key takeaways from the records releaseAssociated Press in WashingtonThe former president had a bank account in China, failed to donate in 2020 and claims Democrats ‘weaponized’ his taxes In one of its last acts under Democratic control, the House of Representatives on Friday released six years of Donald Trump’s tax returns, dating to 2015, the year he announced his presidential bid.Trump tax returns show China bank account as six years of records releasedRead moreThe thousands of pages of returns were the subject of a prolonged legal battle after Trump broke precedent by not releasing his tax returns while running for, and then occupying, the White House.Here are some key takeaways from a review of the documents:Trump had a bank account in ChinaDuring a 2020 presidential debate, Trump was asked about having a bank account in China. He said he closed it before he began his campaign for the White House four years earlier.“The bank account was in 2013. It was closed in 2015, I believe,” Trump said. “I was thinking about doing a deal in China. Like millions of other people, I was thinking about it. I decided not to do it.”The tax returns contradict that account. Trump reported a bank account in China in his returns for 2015, 2016 and 2017.The returns show accounts in other foreign countries including the UK, Ireland and St Martin in the Caribbean. By 2018, Trump had apparently closed all his overseas accounts other than the one in the UK, home to one of his flagship golf properties.The returns do not detail the amount of money held in those accounts.No reported charitable giving in 2020In the final year of his presidency, Trump reported making no charitable donations. That was in contrast to the prior two years, when Trump reported about $500,000 (£414,060) worth of donations. It is unclear if any of the figures include his pledge to donate his $400,000 presidential salary back to the US government. He reported donating $1.1m in 2016 and $1.8m in 2017.Money from the arts worldTrump collected a $77,808 annual pension from the Screen Actors Guild and a $6,543 pension in 2017 from another film and TV union, and reported acting residuals as high as $14,141 in 2015, according to the tax returns.Trump has made cameo appearances in various movies, notably Home Alone 2: Lost in New York, but his biggest on-screen success came with his reality TV shows The Apprentice and The Celebrity Apprentice.Trump reported paying a little more than $400,000 from 2015 to 2017 in “book writer” fees. In 2015, Trump published the book, Crippled America: How to Make America Great Again, with a ghostwriter. The same year, Trump reporting receiving $750,000 in fees for speaking engagements.Trump vows paybackTrump broke political tradition by not releasing his tax returns as a candidate or as president. Now Republicans warn that Democrats will pay a political price by releasing what is normally confidential information.Trump underscored that in a statement on Friday morning, after his returns were made public.Kayleigh McEnany a ‘liar and opportunist’, says former Trump aide Read more“The great USA divide will now grow far worse,” he said. “The Radical Left Democrats have weaponized everything, but remember, that is a dangerous two-way street!”Republicans on the House ways and means committee, which has jurisdiction over tax matters and released the Trump documents, warned that in the future the committee could release the returns of labor leaders or supreme court justices. Democrats countered with a proposal to require the release of tax returns by any presidential candidate – legislation that is unlikely to pass, given that Republicans take control of the House next week.Republicans cannot disclose Joe Biden’s tax returns – because they are already public. Biden resumed the longstanding bipartisan tradition of releasing his tax records, disclosing 22 years’ worth of filings during his 2020 campaign.TopicsDonald TrumpTrump administrationUS politicsUS taxationUS CongressHouse of RepresentativesDemocratsanalysisReuse this content More

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      Trump says tax returns release will ‘lead to horrible things for so many people’ – as it happened

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      Donald Trump has responded to the release of his tax returns by Democrats on the House ways and means committee, saying that they “show how proudly successful I have been”.In a statement released by his campaign, Trump pushed back against the move, saying: “The Democrats should have never done it, the supreme court should have never approved it, and it’s going to lead to horrible things for so many people.”He continued: “The great USA divide will now grow far worse. The radical, left Democrats have weaponized everything, but remember, that is a dangerous two-way street!“The ‘Trump’ tax returns once again show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises.”It’s nearly 4pm in Washington DC. Here is a round-up of today’s developments on Trump’s tax returns and more:
      Despite Trump previously pledging that he would forgo his $400,000 salary if he became president, his tax returns indicate otherwise. According to Trump’s tax returns, he reported $0 in charitable giving in 2020 – his last year in office. In 2017, Trump donated $1.8 million and approximately half a million dollars in 2018 and 2019 each.
      The Biden administration on Friday finalized regulations to protect hundreds of thousands of streams, wetlands and other waterways across the country. The new rules repeal a Trump-era rule federal courts threw out and environmentalists said left waterways vulnerable to pollution.
      In addition to listing China as a foreign country that had a Trump-tied bank account, Trump also listed business income, taxes and expenses in several other countries on his tax returns. Those include Israel, Mexico, United Arab Emirates, India, Qatar, Panama, Puerto Rico, the Philippines, South Korea and Brazil, among others.
      Texas Democratic representative Lloyd Doggett has responded to the release of Tump’s tax returns, saying that “Americans should be outraged” by how little the former president paid in federal taxes in recent years.“I think it’s really outrageous… Here is the most powerful man in the world, the self-described clever genius who brags of his wealth almost daily and he did not pay taxes that the most modest wage earner in this country would pay,” he told MSNBC.
      Daniel Goldman, now a congressman-elect from New York but in a former role lead Democratic counsel in Donald Trump’s first impeachment, has a question about what the Trump tax returns released today show: “Trump had bank accounts in China while he was in office until 2018. Generally, you only have bank accounts in a foreign country if you are doing transactions in that country’s currency.”
      President Joe Biden is granting full pardons to six people, the White House has announced. In a statement released on Friday, a White House spokesperson said that the pardons are for six individuals “who have served their sentences and have demonstrated a commitment to improving their communities and the lives of those around them.”
      On Thursday, in a recount triggered by the closeness of the first count, the Democratic candidate for attorney general, Kris Mayes, was declared the winner for a second time, beating the Republican candidate, Abe Hamadeh. As the Associated Press reports, though, Mayes won the recount by less than she won the first count, finishing “280 votes ahead … down from a lead of 511 in the original count [with] the reason for the discrepancy not immediately clear.”
      Donald Trump’s tax returns indicate that he held overseas bank accounts while he was president. One page of the returns indicate the United Kingdom, Ireland, China and Saint Martin as foreign countries where Trump’s financial accounts were located. Tax records reviewed by the New York Times in 2020 revealed that Trump paid nearly $200,000 in taxes to China, according to the outlet.
      The House ways and means Republican leader Kevin Brady of Texas has responded to the release of Donald Trump’s tax returns, calling it a a “political weapon” and a “regrettable stain.” “Going forward, all future Chairs of both the House Ways and Means Committee and the Senate Finance Committee will have nearly unlimited power to target and make public the tax returns of private citizens, political enemies, business and labor leaders or even the Supreme Court justices themselves,” he said.
      Democratic representative Don Beyer of Virginia has compared Donald Trump to former president Richard Nixon in light of Trump’s tax returns release. In a statement released on Friday regarding Trump’s returns, Beyer, who sits on the House ways and means committee, said: “Despite promising to release his tax returns, Donald Trump refused to do so, and abused the power of his office to block basic transparency on his finances and conflict of interest which no president since Nixon has foregone.”
      Donald Trump has responded to the release of his tax returns by Democrats on the House ways and means committee, saying that they “show how proudly successful I have been”. In a statement released by his campaign, Trump pushed back against the move, saying: “The Democrats should have never done it, the supreme court should have never approved it, and it’s going to lead to horrible things for so many people.” He continued: “The great USA divide will now grow far worse. The radical, left Democrats have weaponized everything, but remember, that is a dangerous two-way street!”
      The release of Donald Trump’s tax returns follows a congressional report released earlier this month that revealed that Trump and his wife Melania did not pay any federal income tax in 2020. The report also found for a few years, the couple reported negative income and little or no tax liability. In addition, it found that the Internal Revenue Service failed to carry out mandatory audits of Trump during his first two years as president.
      House Democrats have released former president Donald Trump’s tax returns that span over six years. The release of the returns marks the latest blow for Trump who was impeached twice by the Democratic-led House and was later acquitted by the Senate. In a written statement, Representative Richard E. Neal of Massachusetts, the chairman of the Ways and Means Committee said, “Our findings turned out to be simple — I.R.S. did not begin their mandatory audit of the former president until I made my initial request,” the New York Times reports.
      An Arizona man who participated in the January 6 riots told the January 6th Select Committee that the “crazy” conspiracy theories about him working with the government has deeply affected his life. In an interview released on Thursday, Ray Epps told the committee that he has received death threats and that his grandchildren were bullied at school following far-right conspiracy theories that he was working for the FBI.“The only time I’ve been involved with the government was when I was a Marine in the United States Marine Corps,” Epps, who was a supporter of Donald Trump, said.
      Donald Trump’s former communications director has called Kayleigh McEnany, Trump’s last White House press secretary a “liar and an opportunist.” According to testimony released on Thursday, Alyssa Farah Griffin was asked by the January 6th Select Committee where McEnany “fell” after the 2020 election. In response, Farah Griffin said, “I’m a Christian woman…so I will say this. Kayleigh is a liar and an opportunist.”
      That’s it from me, Maya Yang, as we end today’s live blog on the politics of Capitol Hill and beyond. Have a great weekend! Despite Trump previously pledging that he would forgo his $400,000 salary if he became president, his tax returns indicate otherwise.According to Trump’s tax returns, he reported $0 in charitable giving in 2020 – his last year in office.In 2017, Trump donated $1.8 million and approximately half a million dollars in 2018 and 2019 each, the tax returns indicate.The Biden administration on Friday finalized regulations to protect hundreds of thousands of streams, wetlands and other waterways across the country.The Associated Press reports: The new rules repeal a Trump-era rule federal courts threw out and environmentalists said left waterways vulnerable to pollution.The rule defines which “waters of the United States” are protected by the Clean Water Act. For decades, the term has been a flashpoint between environmental groups that want to broaden limits on pollution and farmers, builders and industry groups that say extending regulations too far is onerous for business.The Environmental Protection Agency (EPA) and the Department of the Army said the reworked rule was based on definitions in place before 2015. Federal officials said they wrote a “durable definition” of waterways to reduce uncertainty.More from the Associated Press here:Biden administration drafts new rules to protect streams and wetlandsRead moreHere’s some interesting lunchtime reading from Andrew Lawrence about Maxwell Frost, the Florida congressman-elect who is set to become the first Gen Z member of Congress. Safe to say, Frost’s move to Washington has not proved entirely smooth sailing…When the Guardian last visited 25-year-old Maxwell Alejandro Frost, in September, he was campaigning to become the first Gen Z member of the US Congress, and driving Uber shifts to make ends meet in the meantime. In early November he defeated his Republican rival, Calvin Wimbish, by a considerable margin, winning 59% of the vote in Florida’s 10th congressional district, which includes Orlando and many of its surrounding theme parks.Frost’s life has only become messier since. Chiefly, he has yet to sort out his living accommodation in Washington DC, and must decide whether to keep paying rent for the Orlando home he shares with two others, as well as working out how to foot these bills until his $174,000 (£142,000) federal salary kicks in. He says: “I’ll probably crash on someone’s couch in DC for the first month at least.”Even finding potential roommates among his fellow representatives brings unforeseen challenges for the congressman-elect, who has been back and forth for freshman orientations. “A lot of people are looking to get their roommates before 3 January,” says Frost. “I just can’t operate on that timeline. Even after I start getting paid it’s not like I’m flush in one day. I have a lot of debt.” Earlier this month he vented on Twitter about being turned down for a DC apartment due to bad credit: “This ain’t meant for people who don’t already have the money,” he wrote.Read on:‘I’ll be crashing on someone’s couch till I get paid’: life as the first Gen Z congressmanRead moreIn addition to listing China as a foreign country that had a Trump-tied bank account, Trump also listed business income, taxes and expenses in several other countries on his tax returns. Those include Israel, Mexico, United Arab Emirates, India, Qatar, Panama, Puerto Rico, the Philippines, South Korea and Brazil, among others. In response to the release, Democratic representative Raja Krishnamoorthi of Illinois tweeted: .css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“Releasing six years’ worth of Donald Trump’s tax returns…should help us understand any connections to foreign entities that may have influenced his decision-making as president.”Releasing six years’ worth of Donald Trump’s tax returns ensures transparency with the American people, and should help us understand any connections to foreign entities that may have influenced his decision-making as president. https://t.co/4jqYmofdf9— Congressman Raja Krishnamoorthi (@CongressmanRaja) December 30, 2022
      Texas Democratic representative Lloyd Doggett has responded to the release of Tump’s tax returns, saying that “Americans should be outraged” by how little the former president paid in federal taxes in recent years. .css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“I think it’s really outrageous…both with regard to Trump personally and with regard to Trump’s Internal Revenue Service administration. Here is the most powerful man in the world, the self-described clever genius who brags of his wealth almost daily and he did not pay taxes that the most modest wage earner in this country would pay,” Doggett told MSNBC.
      “Nothing in one year, $75o dollars a year and others, all of this related to claims for big losses, big deductions, big credits, taking advantage of every loophole and because of the sorry job that Trump’s IRS did, we don’t know how many of these were legal loopholes, for the rich and how many of them were unjust and illegal” he said, adding, “Americans should be outraged by that.” “Here is the most powerful man in the world…and he did not pay the taxes that the most modest wage earner in this country would pay…Americans should be outraged by that”: Rep. Lloyd Doggett on Trump’s tax returns. pic.twitter.com/dWLS2FMpxo— MSNBC (@MSNBC) December 30, 2022
      Daniel Goldman, now a congressman-elect from New York but in a former role lead Democratic counsel in Donald Trump’s first impeachment, has a question about what the Trump tax returns released today show:.css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}Trump had bank accounts in China while he was in office until 2018. Generally, you only have bank accounts in a foreign country if you are doing transactions in that country’s currency.
      What business was Trump doing in China while he was president?On the subject of Republicans, China and investment arrangements, here’s some further reading from the Guardian’s Lloyd Green:American muckrakers: Peter Schweizer, James O’Keefe and a rightwing full court pressRead moreOur Washington bureau chief, David Smith, and Sam Levine have filed their first report on today’s main politics news, the release of Donald Trump’s tax returns.Six years of Donald Trump’s tax returns were made public by a congressional panel on Friday, ending the former president’s long-running effort to break precedent and keep them secret.The returns date from 2015 to 2020 and span nearly 6,000 pages, including more than 2,700 pages of individual returns from Trump and his wife, Melania, and more than 3,000 pages from Trump’s businesses. Sensitive information such as social security and bank account numbers have been redacted.A House of Representatives report released earlier this month analyzed the documents and showed Trump and his wife Melania paid no federal income tax in 2020, the last full year he was in office. From 2015 to 2020, Donald and Melania Trump had several years in which they reported negative income and little or no tax liability.The report also found that the Internal Revenue Service (IRS) failed to conduct mandatory audits of Trump during his first two years in office. By contrast, there were audits of Joe Biden for the 2020 and 2021 tax years, according to the White House.Richard Neal, the Democratic chairman of the ways and means committee, said in a statement: “A president is no ordinary taxpayer. They hold power and influence unlike any other American. And with great power comes even greater responsibility.”He added: “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. This is a major failure of the IRS under the prior administration, and certainly not what we had hoped to find.”Full story:Six years of Donald Trump’s tax returns made public by US House panelRead morePresident Joe Biden is granting full pardons to six people, the White House has announced.In a statement released on Friday, a White House spokesperson said that the pardons are for six individuals “who have served their sentences and have demonstrated a commitment to improving their communities and the lives of those around them.”.css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“President Biden believes America is a nation of second chances, and that offering meaningful opportunities for redemption and rehabilitation empowers those who have been incarcerated to become productive, law-abiding members of society,” the statement added.
      “The President remains committed to providing second chances to individuals who have demonstrated their rehabilitation – something that elected officials on both sides of the aisle, faith leaders, civil rights advocates, and law enforcement leaders agree our criminal justice system should offer.”The pardoned group include individuals who served in the US military, survived domestic abuse, and volunteer in their communities.More elections news from Arizona, a swing state where pro-Trump Republicans have of late caused a lot of trouble with claims of electoral fraud in races in which they were beaten.On Thursday, in a recount triggered by the closeness of the first count, the Democratic candidate for attorney general, Kris Mayes, was declared the winner for a second time, beating the Republican candidate, Abe Hamadeh.As the Associated Press reports, though, Mayes won the recount by less than she won the first count, finishing “280 votes ahead … down from a lead of 511 in the original count [with] the reason for the discrepancy not immediately clear”.In a statement, Mayes said she was “excited and ready to get to work as your next attorney general and vow to be your lawyer for the people”.The AP continues:.css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“Outside court, Mayes attorney Dan Barr said the results should give the public confidence in elections, despite the adjustments in vote totals as a result of the recount.
      ‘They didn’t just do a rubber stamp of what it was,’ Barr said. ‘They did a careful evaluation of the votes and they came up with a different result. And so I think people should have a lot of confidence in the process.’
      Hamadeh said the discrepancies in the latest results from his race were shockingly high. ‘My legal team will be assessing our options to make sure every vote is counted,’ he said. Hamadeh hasn’t conceded to Mayes.The Arizona governor’s race was also close, but not close enough to trigger a recount. The Democratic candidate, Katie Hobbs, won it, by a little more than 17,000 votes. The Republican candidate – the pro-Trump election denier Kari Lake – went to court over her defeat, but lost.Some further reading:Arizona judge declines to sanction Kari Lake for lawsuit challenging electionRead moreDonald Trump’s tax returns indicate that he held overseas bank accounts while he was president. One page of the returns indicate the United Kingdom, Ireland, China and Saint Martin as foreign countries where Trump’s financial accounts were located. A bank account in China.#TrumpTaxReturns pic.twitter.com/CLdBvFhK9U— David Corn (@DavidCornDC) December 30, 2022
      Tax records reviewed by the New York Times in 2020 revealed that Trump paid nearly $200,000 in taxes to China, according to the outlet. During the 2020 presidential campaign, Trump accused his oppponent Joe Biden of being “weak on China” and claimed that the Biden family was “selling out our country” to China. The House ways and means Republican leader Kevin Brady of Texas has responded to the release of Donald Trump’s tax returns, calling it a a “political weapon” and a “regrettable stain.”In a statement issued on Friday, Brady said: .css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“With the publicly released transcript of Democrats’ secret executive session, Americans now have confirmation that there was never a legislative purpose behind the public release of these confidential records and that the IRS was conducting audits prior to Democrats’ request.
      “Despite these facts, Democrats have charged forward with an unprecedented decision to unleash a dangerous new political weapon that reaches far beyond the former president, overturning decades of privacy protections for average Americans that have existed since Watergate.
      “Going forward, all future Chairs of both the House Ways and Means Committee and the Senate Finance Committee will have nearly unlimited power to target and make public the tax returns of private citizens, political enemies, business and labor leaders or even the Supreme Court justices themselves.
      “This is a regrettable stain on the Ways and Means Committee and Congress, and will make American politics even more divisive and disheartening. In the long run, Democrats will come to regret it.”Democratic representative Don Beyer of Virginia has compared Donald Trump to former president Richard Nixon in light of Trump’s tax returns release. In a statement released on Friday regarding Trump’s returns, Beyer, who sits on the House ways and means committee, said: .css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“Despite promising to release his tax returns, Donald Trump refused to do so, and abused the power of his office to block basic transparency on his finances and conflict of interest which no president since Nixon has foregone.” Beyer went on to add: .css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“Trump acted as though he had something to hide, a pattern consistent with the recent conviction of his family business for criminal tax fraud. As the public will now be able to see, Trump used questionable or poorly substantiated deductions and a number of other tax avoidance schemes as justification to pay little or no federal income tax in several of the years examined.” Donald Trump has responded to the release of his tax returns by Democrats on the House ways and means committee, saying that they “show how proudly successful I have been”.In a statement released by his campaign, Trump pushed back against the move, saying: “The Democrats should have never done it, the supreme court should have never approved it, and it’s going to lead to horrible things for so many people.”He continued: “The great USA divide will now grow far worse. The radical, left Democrats have weaponized everything, but remember, that is a dangerous two-way street!“The ‘Trump’ tax returns once again show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises.”The release of Donald Trump’s tax returns follows a congressional report released earlier this month that revealed that Trump and his wife Melania did not pay any federal income tax in 2020.The report also found for a few years, the couple reported negative income and little or no tax liability.In addition, it found that the Internal Revenue Service failed to carry out mandatory audits of Trump during his first two years as president.For more details, read Sam Levine’s reporting here:Donald Trump’s tax returns released by US House committeeRead moreTrump previously responded to the committee’s decision to release his returns, calling it an “outrageous abuse of power”..css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“There is no legitimate legislative purpose for their action. And if you look at what they’ve done, it’s so sad for our country,” he said, adding, “It’s nothing but another deranged political witch hunt which has been going on from the day I came down an escalator in Trump Tower.”House Democrats have released former president Donald Trump’s tax returns that span over six years. The release of the returns marks the latest blow for Trump who was impeached twice by the Democratic-led House and was later acquitted by the Senate. In a written statement, Representative Richard E. Neal of Massachusetts, the chairman of the Ways and Means Committee said, “Our findings turned out to be simple — I.R.S. did not begin their mandatory audit of the former president until I made my initial request,” the New York Times reports.Stay tuned for more details as we review the returns. An Arizona man who participated in the January 6 riots told the January 6th Select Committee that the “crazy” conspiracy theories about him working with the government has deeply affected his life. In an interview released on Thursday, Ray Epps told the committee that he has received death threats and that his grandchildren were bullied at school following far-right conspiracy theories that he was working for the FBI. .css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}”The only time I’ve been involved with the government was when I was a Marine in the United States Marine Corps,” Epps, who was a supporter of Donald Trump, said. .css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“We had a tour bus come by our home and our business with all these whacked out people in it…There are good people out there that was in Washington. Those aren’t the people that’s coming by our house. This attracts — when they do this sort of thing, this attracts all the crazies out there,” he added. In his interview, Epps identified Republican representatives including Kentucky’s Thomas Massie, Florida’s Matt Gaetz and Georgia’s Marjorie Taylor Greene as congress members who helped spread the conspiracy theories about him. .css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“I mean, it’s real crazy stuff, and [Massie] brought that kind of stuff to the floor of the House. When that happened, it just blew up. It got really, really bad…Him and, gosh, Gaetz and Greene, and, yeah, they’re just blowing this thing up. So it got really, really difficult after that. The crazies started coming out of the woodwork.”Donald Trump’s former communications director has called Kayleigh McEnany, Trump’s last White House press secretary a “liar and an opportunist.”According to testimony released on Thursday, Alyssa Farah Griffin was asked by the January 6th Select Committee where McEnany “fell” after the 2020 election.In response, Farah Griffin said, “I’m a Christian woman…so I will say this. Kayleigh is a liar and an opportunist.”Farah Griffin went on to add that McEnany was a “smart woman” and “not an idiot.”.css-cumn2r{height:1em;width:1.5em;margin-right:3px;vertical-align:baseline;fill:#C70000;}“She knew we lost the election, but she made a calculation that she wanted to have a certain life post-Trump that required staying in his good graces. And that was more important to her than telling the truth to the American public.”For more details on Farah Griffin’s testimony, check out Martin Pengelly’s reporting here:Kayleigh McEnany a ‘liar and opportunist’, says former Trump aide Read moreGood morning, Guardian readers!The House ways and means committee is scheduled to release the former president’s tax returns today, after the panel’s vote last week.The documents are expected to include Trump’s tax returns from 2015 to 2021 and will be the first formal release of his financial records from his time as president. Last month, the Democrat-controlled committee obtained the returns as part of an investigation into Trump’s taxes, following a lengthy court battle that resulted in the supreme court ruling in the committee’s favor.The committee’s report released last week revealed its findings that the Internal Revenue Service broke its own rules by not auditing Trump for three of the four years of his presidency. As a presidential candidate in 2016, Trump broke decades of precedent by refusing to release his tax returns.We will be bringing you the latest updates surrounding the release, so stay tuned. More

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      Trump tax returns show China bank account as six years of records released

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      Trump tax returns show China bank account as six years of records releasedReturns date from 2015 to 2020 and span nearly 6,000 pages as former president rails against effort by ‘radical left Democrats’ Six years of Donald Trump’s tax returns were made public by a congressional committee on Friday, ending the former president’s long-running effort to break precedent and keep them secret.Trump says tax returns release will ‘lead to horrible things for so many people’ – liveRead moreThe documents, dating from 2015 to 2020, offer insights into the complex finances and foreign bank accounts of a man who was accused of abusing the presidency for personal profit and who has already announced another bid for the White House.A House of Representatives report released earlier this month analyzed the documents and showed Trump and his wife Melania paid no federal income tax in 2020, the last full year he was in office.The couple paid $641,931 in federal income taxes in 2015, the year Trump began his campaign for president. They paid $750 in 2016 and 2017, nearly $1m in 2018, $133,445 in 2019 and $0 in 2020, the year Trump unsuccessfully sought re-election.Such numbers reflect heavy business losses and undermine Trump’s self-perpetuated narrative of commercial wealth and success – a crucial part of his brand during his successful 2016 campaign.Trump reported bank accounts in Britain, China and Ireland from 2015 to 2017, and from 2018 only reported a bank account in Britain.During a presidential debate in 2020, Trump said the Chinese account “was closed in 2015, I believe” and insisted: “I closed it before I even ran for president, let alone became president.”Responding to the release on Friday, Daniel Goldman, a congressman-elect from New York who was counsel to House Democrats in Trump’s first impeachment, said: “Generally, you only have bank accounts in a foreign country if you are doing transactions in that country’s currency. What business was Trump doing in China while he was president?”The returns also show Trump claimed foreign tax credits for taxes paid on business ventures around the world, including licensing arrangements for the use of his name on development projects and his golf courses in Scotland and Ireland.During his first three years in office, Trump apparently fulfilled his campaign promise to give his salary to charity. But in 2020, he reported $0 in charitable giving.The returns span nearly 6,000 pages, including more than 2,700 pages of individual returns from Trump and Melania and more than 3,000 pages from Trump’s businesses. Sensitive information such as social security and bank account numbers have been redacted.Trump responded angrily to their release, saying in a statement: “The Democrats should have never done it, the supreme court should have never approved it, and it’s going to lead to horrible things for so many people. The great USA divide will now grow far worse. The Radical Left Democrats have weaponized everything, but remember, that is a dangerous two-way street!”Defending his business record, he added: “The ‘Trump’ tax returns once again show how proudly successful I have been and how I have been able to use depreciation and various other tax deductions as an incentive for creating thousands of jobs and magnificent structures and enterprises.”The congressional report published last week also found that the Internal Revenue Service (IRS) failed to conduct mandatory audits of Trump in his first two years in office. By contrast, there were audits of Joe Biden for the 2020 and 2021 tax years, according to the White House.Richard Neal, the Democratic chairman of the ways and means committee, said in a statement on Friday: “A president is no ordinary taxpayer. They hold power and influence unlike any other American. And with great power comes even greater responsibility.“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. This is a major failure of the IRS under the prior administration, and certainly not what we had hoped to find.”Trump’s finances have been shrouded in mystery since the 1980s and his days as a New York property developer. In 2016, he became the first major-party candidate for president in four decades to refuse to release his tax returns. He continued to do so in office.In 2019, the House ways and means committee, which has the authority to see any taxpayer’s federal returns, requested the documents from the treasury department. The Trump administration refused to provide them, setting off a three-year legal battle. In November, the supreme court ruled that the committee could access the returns.Last week, the committee decided in a party-line vote to make the returns public. Democrats argued that transparency and the rule of law were at stake. Republicans said the release would set a dangerous precedent with regard to privacy protections.Don Beyer, a Virginia Democrat, presided over a pro forma House session on Friday as the returns were released, days before Democrats cede control to Republicans.Beyer said: “Despite promising to release his tax returns, Donald Trump refused to do so, and abused the power of his office to block basic transparency on his finances and conflicts of interest which no president since Nixon has foregone.“Trump acted as though he had something to hide, a pattern consistent with the recent conviction of his family business for criminal tax fraud. As the public will now be able to see, Trump used questionable or poorly substantiated deductions and a number of other tax avoidance schemes as justification to pay little or no federal income tax in several of the years examined.”Kevin Brady of Texas, the ranking Republican, condemned the move, saying: “This is a regrettable stain on the ways and means committee and Congress, and will make American politics even more divisive and disheartening. In the long run, Democrats will come to regret it.”Trump stalled efforts to put his taxes in the public domain. Running for president in 2016, he promised to release them once he had been audited. But later that year he appeared to take pride in not paying taxes.Kayleigh McEnany a ‘liar and opportunist’, says former Trump aide Read moreDuring a presidential debate, his Democratic opponent, Hillary Clinton, said: “The only years that anybody’s ever seen were a couple of years when he had to turn them over to state authorities when he was trying to get a casino license, and they showed he didn’t pay any federal income tax.”Trump replied: “That makes me smart.”But in 2018 the New York Times reported leaked records that showed Trump received a modern-day equivalent of at least $413m from his father’s property holdings, much of it coming from “tax dodges” in the 1990s.In 2020 the paper showed Trump paid just $750 in federal income taxes in 2017 and 2018, and no income taxes at all in 10 of 15 years because he generally lost more than he made.Trump continues to face major scrutiny about his business practices. Earlier this month, a New York jury found the Trump Organization guilty of 17 counts of criminal tax fraud. Though Trump was not part of the trial, prosecutors said he was aware of the off-the-books practices at issue. Lawyers for the Trump Organization blamed Allen Weisselberg, the longtime chief financial officer.The New York attorney general, Letitia James, is suing Trump for fraud related to inflating his net worth. Trump and his company have denied wrongdoing.TopicsDonald TrumpMelania TrumpUS taxationRepublicansUS politicsUS CongressnewsReuse this content More

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      Republicans calling Trump’s tax returns ‘private’ don’t understand privacy | Jan-Werner Müller

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      Republicans calling Trump’s tax returns ‘private’ don’t understand privacyJan-Werner MüllerThe Trump years demonstrated that the norm of presidential candidates voluntarily releasing their returns is too weak Donald Trump’s biggest worries right now might not be about Congress having released six years of his tax returns. But it is an issue where Republicans can comfortably have it both ways: please Trump’s base, as they loudly perform indignation about Democrats’ conduct, even as they cease defending a politically weakened Trump against the charges of the January 6 committee.The Republican party has all but said that they will play tit-for-tat in the new Congress – investigations, impeachments, whatever it takes to troll Democrats and distract the public with political theater, as Republicans are unlikely to make good on campaign promises. Hence it is crucial to understand what made the release of Trump’s tax returns legitimate – and why Trump cannot appeal to privacy as a trump card – and why we must also put rules in place to prevent political witch-hunts.Kevin Brady – the top Republican on the House ways and means committee, which voted along partisan lines to release the returns – has warned that “the era of political targeting, and of Congress’s enemies list, is back and every American, every American taxpayer, who may get on the wrong side of the majority in Congress is now at risk.” Democrats, he alleges, have created “a dangerous new political weapon that overturns decades of privacy protections”.But in what sense is privacy really at stake here? Privacy is ultimately the right to control what is known about us. That right is not absolute, but it is crucial for developing intimate relationships, for experimenting with new ways of life, and, sometimes, for making a new start in circumstances when we need the luxury of appearing to others as strangers. Privacy matters for our lives with our nearest and dearest (while many legal theorists thought the right to abortion should not be justified as a matter of privacy, few would say there is no link at all); but it can also afford us anonymity, a key element in the arch-American enterprise of self-reinvention.This understanding contrasts with a conventional view according to which particular areas of life are automatically deemed private. Feminists spent decades arguing that the family should not be a black box such that everything happening inside it would remain unknown to outsiders, including the state. After all, deploying the private-public distinction this way enabled abuse of women and children by men who could deploy privacy as both shield and sword to cut down any criticism.In the same manner, it is a mistake to declare taxes automatically private. To be sure, people have a legitimate interest in not having their neighbors know their income, or the peculiar items they claim as deductions. But – unlike with intimate knowledge that really only a chosen few should know (such that sharing that knowledge is precisely a sign of intimacy) – most of us don’t mind that civil servants know something about us most other people don’t know. And that is because bureaucrats, unlike our neighbors, take no particular interest in us as individuals.Most of us happen not to be public figures. Public figures voluntarily give up some control over what is known about them – in fact, plenty of self-promoting celebrities force more information on us than we really care to know. But even public figures have an interest in privacy. After a recording was leaked, the whole world gawked at the Finnish prime minister, Sanna Marin, dancing and singing this summer, in a setting she had every reason to assume was private. She was right to complain about the leaked recording, and the (horrendously misogynist, needless to say) comments denying her the right to some private fun and release were wrong.Yet politicians wield the levers of state power in a democracy and are accountable to us in a way simply not true of pop stars and other famous figures. (Supreme court justices are an interesting case in-between.) The norm that presidential candidates release their tax returns is not about citizens’ nosiness, but their rightful concerns that powerful beings might be beholden to corporations and foreign powers – all red flags in Trump’s case in particular, of course.This rationale is not new. Nixon’s returns were analyzed by Congress; the Carter administration introduced mandatory audits of sitting presidents and vice-presidents. The Trump years demonstrate two things: that the informal norm of presidential candidates releasing returns is too weak, and that the system of mandatory auditing is not working.Both failed in the face of Trump. Trump appears not to have personally prevented the auditing during the first years of his presidency – but then again, that’s how autocracy works: underlings know what is expected without being told.Congress should pass laws to ensure both transparency and proper auditing of the most powerful in politics; none of that would have pernicious implications for other citizens, even fabulously famous ones.
      Jan-Werner Mueller teaches at Princeton and is a Guardian US columnist. His most recent book is Democracy Rules
      TopicsDonald TrumpOpinionUS taxationUS politicscommentReuse this content More