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House panel prepares to share Trump tax secrets
If Monday was a day of reckoning for Donald Trump in Congress, Tuesday is likely to be another when a House committee meets this afternoon to vote on whether to release six years of his tax returns to the public.
A Supreme Court ruling last month cleared the treasury department to hand the documents to the ways and means committee, ending a three-year fight by the former president to shield many of his closest financial secrets.
The committee is almost certain to vote later this afternoon to release at least some of the information, although when, and in what form, is still uncertain. But given that Democrats have been fighting so hard to get it, and their majority in the House is in its final days, it’s reasonable to assume we’ll see something soon.
House Ways and Means Committee meets this afternoon and will go into closed session to discuss Trump’s tax returns that were turned over to Congress after years of court battles. With a few days left in their majority, Ds – led by Chairman Neal – need to decide how to handle them
— Manu Raju (@mkraju) December 20, 2022
A big question for panel chair Richard Neal, a Massachussetts Democrat, is how far to go with the documents. Some analysts expect to see an executive summary of the returns, while others say the full documents attached to a committee report are likely.
Of course, both could still happen. A vote this afternoon for any kind of public release would be another blow for the former president, who was referred to the justice department on Monday on four criminal charges relating to his insurrection over his 2020 election defeat.
As we reported earlier this month, the House committee first requested Trump’s returns in 2019. Trump, who on 15 November began his third consecutive run for the presidency, dragged the issue through the court system.
It was long customary, though not required, for major party presidential candidates to release their tax records. Trump was the first such candidate in four decades not to do so.
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Good morning US politics blog readers! It’s another day of peril for Donald Trump on Capitol Hill as a House committee meets this afternoon to vote on whether to release six years of the former president’s tax returns to the public.
It’s a reasonable bet Trump didn’t wake in good spirits anyway after Monday’s referral to the justice department on four criminal charges relating to his insurrection, and today’s meeting of the ways and means committee is unlikely to lighten his mood.
He’s spent years trying to shield his tax returns, and Democrats in Congress could blow that up in the waning days of their majority. But it’s unclear when, or in what form, we would see those returns in the event of a yes vote.
Here’s what else we’re watching today:
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The Senate will discuss funding to keep the government running, not quite a week after the last time. But today they’re talking about a $1.7tn spending package agreed in the early hours that will avert a shutdown for at least another year.
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Voters are at the polls in Virginia to elect a Democratic nominee to fill the unexpired term of congressman Donald McEachin, who died of cancer last month after winning re-election.
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Joe Biden has a quiet day planned, with no events on his public schedule. As things stand, no briefing from White House press secretary Karine Jean-Pierre is scheduled either, but things could change.
Please stick with us. We’ve a lot coming up today, including more analysis of the historic criminal referral for former President Trump.