India  

Trump's Tax Returns Are Handed Over to House Committee

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Trump's Tax Returns Are Handed Over to House Committee

Trump's Tax Returns Are Handed Over to House Committee

Trump's Tax Returns , Are Handed Over , to House Committee.

Six years of Trump's tax returns have been turned over to the House Ways and Means Committee by the IRS.

The development comes after the U.S. Supreme Court ruled it would not intervene on behalf of former President Donald Trump.

Treasury has complied with last week’s court decision, Spokesperson for the U.S. Treasury, via CNN.

The committee first requested Trump's tax returns in 2019.

Since then, Trump has prevented the release of his returns through litigation.

His tax returns will likely remain private for some time.

The head of the committee, Rep.

Richard Neal (D-MA), briefly described the next step.

The next step is to have a meeting of the Democratic caucus, Rep.

Richard Neal (D-MA), House Ways and Means Committee Chairman, via CNN.

Trump argued that the decision to turn his tax returns over to Congress would have "far-reaching implications.".

No Congress has ever wielded its legislative powers to demand a president’s tax returns, Donald Trump, Former President, via CNN.

Trump is the first president since Gerald Ford to have withheld a portion or all of his tax returns from the public.

During his campaign for president, he stated he was under audit by the IRS.

According to CNN, an audit does not prevent a person from releasing their tax returns to the public.

In 2020, 'The New York Times' reported that Trump had not paid federal income tax for 10 years between 2000 and 2015


You Might Like


💡 newsR Knowledge: Other News Mentions

Donald Trump Donald Trump President of the United States from 2017 to 2021

Trump opens 2024 run, saying he's 'more committed' than ever [Video]

Trump opens 2024 run, saying he's 'more committed' than ever

Former US President Donald Trump has kickstarted his 2024 run for the White House with rallies in New Hampshire and South Carolina.

Credit: euronews (in English)    Duration: 00:35Published

Trump kicks off 2024 White House bid - and says he's 'more committed than ever'

Former US president Donald Trump has kicked off his 2024 White House bid with stops in New Hampshire and South Carolina, while brushing aside criticism that his..
Sky News
'Trump is no longer that relevant': Will Facebook homecoming mark return to social media glory? [Video]

'Trump is no longer that relevant': Will Facebook homecoming mark return to social media glory?

Credit: FRANCE 24 English    Duration: 03:14Published
Adam Schiff Announces 2024 Senate Run [Video]

Adam Schiff Announces 2024 Senate Run

Adam Schiff Announces, 2024 Senate Run. NPR reports that the California congressman made the announcement on Jan. 26 via a Twitter video. The Senate seat is currently held by Democrat Dianne Feinstein, 89. NPR reports that Feinstein has not clarified whether she will retire or run again next year, saying she'll decide "in a couple months.". I think it's all fine. I think people should, if they want to run, run. For me, I just need a little bit more time, Dianne Feinstein, via NPR. Schiff gained national attention as House Intelligence Committee chairman amid former President Trump's first impeachment. Schiff gained national attention as House Intelligence Committee chairman amid former President Trump's first impeachment. Schiff called his role in the impeachment "the biggest job of [his] life.". I wish I could say the threat of extremism is over. It is not. Today's Republican Party is gutting the middle class and threatening our democracy. They aren't going to stop. We have to stop them, Rep. Adam Schiff, via NPR. Schiff was also on the Jan. 6 panel that investigated the attacks on the U.S. Capitol. . NPR reports that Rep. Katie Porter has also announced her bid for the Senate seat. Reps. Ro Khanna and Barbara Lee may throw their hats into the ring as well. . Reps. Ro Khanna and Barbara Lee may throw their hats into the ring as well.

Credit: Wibbitz Top Stories    Duration: 01:30Published
Why is Trump Allowed Back on Facebook, and Will He Return? [Video]

Why is Trump Allowed Back on Facebook, and Will He Return?

The company that owns Facebook and Instagram has said former President Donald Trump’s risk to public safety has significantly decreased in the last two years, and that he’ll be allowed back on the platforms. Report by Braybrooks. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:54Published

Richard Neal Richard Neal American politician

House Committee Votes To Release Redacted Trump Tax Returns [Video]

House Committee Votes To Release Redacted Trump Tax Returns

House Committee Votes To , Release Redacted Trump Tax Returns. CBS News reports that the House Ways and Means Committee voted 24-16 on Dec. 20 to release the records. Portions of six years of Trump's tax returns will be made available to the public. Democrats pointed to the fact that nine of the last 10 presidents, the exception being Trump, released their tax returns. The idea that somebody is making millions of dollars and can get away without paying their taxes by avoiding — in an unprecedented way — their tax liability, while single moms who are trying to take care of their kids are being audited, is absolutely unacceptable, Democratic Rep. Mike Thompson, via statement. Means Committee chair Richard Neal said it will take a "few days" since sensitive information must first be redacted. . Neal also called for legislation that would force presidents to submit to annual audits of their taxes. Speaker Nancy Pelosi agreed and called on the House to quickly take up the legislation since Republicans will gain control of the chamber in January. Republican Rep. Kevin Brady called the decision "a dangerous new political weapon that overturns decades of privacy protections for average taxpayers in the era of political targeting.". CBS News reports that a 2020 'New York Times' article found that Trump only paid $750 in federal taxes in 2017 and 2018

Credit: Wibbitz Top Stories    Duration: 01:30Published

United States congressional committee United States congressional committee Legislative working groups of the United States federal government


United States Congress United States Congress Legislative branch of U.S. government

Adani stock fall: LIC, SBI 'lost over Rs 78,000cr' in market cap, FM still on 'mute mode', says Congress

The Congress Saturday questioned the "silence" of the Union finance minister and probe agencies after LIC and SBI "lost over Rs 78,000 crore" in market..
IndiaTimes

'Boy Meets World's Maitland Ward Backing Ben Savage's Run for Congress

Maitland Ward from "Boy Meets World" says she's in costar Ben Savage's corner as he makes his run for congress ... even if it might be an uphill battle for him...
TMZ.com

Cong must be fulcrum of any Opposition alliance for 2024: Jairam Ramesh

The Congress has to be the "fulcrum" of any Opposition alliance to take on the BJP in the 2024 general elections as it is the only political force with a..
IndiaTimes

Congress begging regional parties for crowds for Bharat Jodo Yatra in J&K: Azad-led DAP

Alleging that the Congress is “begging” for crowds from regional parties for the success of the Bharat Jodo Yatra in Jammu and Kashmir, the Democratic Azad..
IndiaTimes

Internal Revenue Service Internal Revenue Service Revenue service of the United States federal government

House GOP to Vote to Get Rid of IRS [Video]

House GOP to Vote to Get Rid of IRS

House GOP to Vote, to Get Rid of IRS. Fox News reports that House Republicans will soon vote on the Fair Tax Act. The bill seeks to abolish the IRS and do away with national income tax, which would be replaced with a national consumption tax. The decision to vote on the bill was part of a deal between the House Freedom Caucus and House Speaker Kevin McCarthy. The Fair Tax Act eliminates the tax code, replaces the income tax with a sales tax, and abolishes the abusive Internal Revenue Service. , Rep. Jeff Duncan, via Fox News. If enacted, this will invigorate the American taxpayer and help more Americans achieve the American Dream, Rep. Jeff Duncan, via Fox News. Armed, unelected bureaucrats should not have more power over your paycheck than you do, Rep. Buddy Carter, via Fox News. The IRS is set to hire 87,000 new agents this year. . Republicans would like to save that federal funding by pushing this bill through. We’ve seen a continued growth of the IRS and a persistent punishment of hardworking Americans via the tax code. What we’re calling for is a simplified and fair code that works for all, not just some, Rep. Kat Cammack, via Fox News

Credit: Wibbitz Top Stories    Duration: 01:31Published

United States House Committee on Ways and Means United States House Committee on Ways and Means Chief tax-writing committee of the United States House of Representatives


United States Department of the Treasury United States Department of the Treasury United States federal executive department

Bitzlato Founder Arrested in $700M Laundering Scheme [Video]

Bitzlato Founder Arrested in $700M Laundering Scheme

Bitzlato Founder Arrested , in $700M Laundering Scheme. Bitzlato Founder Arrested , in $700M Laundering Scheme. 'The Hill' reports that U.S. and French authorities have seized the Bitzlato website. The FBI arrested its founder, Anatoly Legkodymov, on Jan. 17 in Miami. The FBI arrested its founder, Anatoly Legkodymov, on Jan. 17 in Miami. Today, the Department of Justice has dealt a significant blow to the crypto crime ecosystem, General Lisa Monaco, Deputy Attorney General, via statement . U.S. officials allege that the crypto exchange processed over $700 million in illegal funds by not having a proper anti-money laundering program in place. The Justice Department and Treasury Department officials also allege that Bitzlato was aware of some of this criminal activity. Bitzlato was particularly active in facilitating illicit activity, but it is ultimately part of a larger, larger ecosystem of cyber criminals that are allowed to operate with impunity within Russia, Wally Adeyemo, Deputy Treasury Secretary, via statement. 'The Hill' reports that a large part of the criminal complaint centers on Bitzlato's relationship with a Russian-based darknet market known as Hyrda Marketplace. According to the complaint, a "substantial portion" of the crypto billions Hydra received came from Bitzlato wallets. 'The Hill' reports that Legkodymov resides in China. It's not clear why he was in Miami

Credit: Wibbitz Top Stories    Duration: 01:31Published

Democratic Party (United States) Democratic Party (United States) American political party

California's Governor Gavin Newsom hits out at Republican silence on mass shootings [Video]

California's Governor Gavin Newsom hits out at Republican silence on mass shootings

California's politicians remain deeply divided on gun control as the state sees its third mass shooting in little over a week. Democrat Governor Gavin Newsom accused California congressman and leader of the house Kevin McCarthy of remaining largely silent on the issue.

Credit: euronews (in English)    Duration: 01:40Published
Ben Savage Registers As Democrat for California House Seat [Video]

Ben Savage Registers As Democrat for California House Seat

Ben Savage, Registers As Democrat , for California House Seat. ABC News reports that actor Ben Savage is considering another run at politics. ABC News reports that actor Ben Savage is considering another run at politics. According to Federal Election Commission documents, the 'Boy Meets World' star has registered as a Democratic candidate in California's 30th Congressional District. According to Federal Election Commission documents, the 'Boy Meets World' star has registered as a Democratic candidate in California's 30th Congressional District. A spokesperson for Savage told ABC that despite the filing, , "he is focused on his upcoming wedding. Ben is still making decisions and always looking for opportunities to give back and serve the community.". A spokesperson for Savage told ABC that despite the filing, , "he is focused on his upcoming wedding. Ben is still making decisions and always looking for opportunities to give back and serve the community.". Earlier in January, Savage announced his engagement to Tessa Angermeier. Currently, the 30th District seat is held by longtime Democrat Adam Schiff. Schiff is reportedly seen as a possible candidate to succeed Senator Diane Feinstein once she decides to step down. . ABC News reports that Savage previously campaigned to be on the West Hollywood City Council in the 2022 election. . ABC News reports that Savage previously campaigned to be on the West Hollywood City Council in the 2022 election. . According to the actor's website, Savage campaigned on the platforms of community safety, housing and homelessness. From 1993 to 2000, Savage played the lead role of Corey Matthews on ABC's 'Boy Meets World.' . From 1993 to 2000, Savage played the lead role of Corey Matthews on ABC's 'Boy Meets World.' . As for Savage's interest in politics, the actor studied political science at Stanford University, graduating in 2004. As for Savage's interest in politics, the actor studied political science at Stanford University, graduating in 2004

Credit: Wibbitz Top Stories    Duration: 01:31Published
Treasury Secretary Warns US Is on Track to Hit Debt Ceiling [Video]

Treasury Secretary Warns US Is on Track to Hit Debt Ceiling

Treasury Secretary , Warns US Is on Track , to Hit Debt Ceiling . On January 13, Treasury Secretary Janet Yellen told Congress that the United States would hit the nation's debt limit next week. ABC News reports that the announcement sets up a showdown between Democrats and Republicans who have vowed to couple any increase in the debt ceiling with spending cuts. According to Yellen, on January 19, the U.S. will hit its $31.4 trillion borrowing limit. While Treasury is not currently able to provide an estimate of how long extraordinary measures will enable us to continue to pay the government’s obligations, it is unlikely that cash and extraordinary measures will be exhausted before early June, Janet Yellen, U.S. Treasury Secretary, via ABC News. Yellen reportedly added that the Treasury Department will begin implementing "extraordinary measures" to manage the government's cash flow. ABC News reports that those measures could include cutting investments in some retirement funds. Independent analysts reportedly caution that the U.S. is not likely to hit the debt ceiling until late summer or early fall. In 2011, the U.S. hit the debt ceiling, which ultimately cost the nation its AAA rating

Credit: Wibbitz Top Stories    Duration: 01:31Published
Congress Continues to Wait for a New House Speaker to Be Named [Video]

Congress Continues to Wait for a New House Speaker to Be Named

Congress Continues to Wait, for a New House Speaker to Be Named. Associated Press reports that Republican debate over who will be the next Speaker of the House has stalled the 118th Congress. . After several votes, Kevin McCarthy hasn't been able to secure the position. Lawmakers on both sides of the aisle are growing restless, demanding that if he can't garner enough votes, he should step aside and stop wasting time. Lawmakers on both sides of the aisle are growing restless, demanding that if he can't garner enough votes, he should step aside and stop wasting time. Without a speaker, no member of the House of Representatives can be officially sworn in, meaning the Congress can't convene or vote on rules. . At the same time, no committees can be formed and legislation cannot be passed. According to AP, a resolution to the standstill seemed distant as members of the House appeared unable to proceed on December 4. I don’t know what my status is. I don’t know if I have health care, I don’t know if my staff get paid. We’re looking at all of that now because this hasn’t happened for 100 years, Ted Lieu, Democratic Representative of California, via Associated Press. It is the first time in 100 years that members of the House were not signed in on the first day of a new Congress. In 1923, it took three days to complete the process of choosing a new speaker. . In 1855, the process was dragged out over two months. . It’s a very strange limbo. We are operating by precedent, Madeleine Dean, Democratic Representative of Pennsylvania, via Associated Press. We have no exit strategy, Ralph Norman, Republican Representative of South Carolina, via Associated Press

Credit: Wibbitz Top Stories    Duration: 01:31Published

Related news from verified sources

Donald Trump's tax returns to be released by US Congress

The Democratic-led House Ways and Means Committee voted along party lines, 24-16, to release six...
IndiaTimes - Published

Democrats fire first salvo at Trump even as House scrutinises his tax returns


newKerala.com - Published


Related videos from verified sources

LIVE FROM AMERICA 1.19.23 @11am: WE GOT EM! RED HANDED! [Video]

LIVE FROM AMERICA 1.19.23 @11am: WE GOT EM! RED HANDED!

Chinese video on how to illegally come to US - 42 TX counties want full declaration of invasion - We have Hunter and Joe nailed to the wall with this proof - Biden's deleted tax returns on..

Credit: Rumble     Duration: 01:00Published
LIVE FROM AMERICA 1.17.23 @5pm: TRUMP SAYS HE IS BEATING THE DEEP STATE! [Video]

LIVE FROM AMERICA 1.17.23 @5pm: TRUMP SAYS HE IS BEATING THE DEEP STATE!

Ben Bergquam reports for South America - Karine Pierre is taking the heat for Joe Biden right now - The left is doing their job, the Gov. is doing theirs - Joe Rogan now says they are replacing Biden -..

Credit: Rumble     Duration: 01:00Published
Ep. 2964b - Trump Just Flexed His Muscle, It’s All About Control, Watch What Happens Next [Video]

Ep. 2964b - Trump Just Flexed His Muscle, It’s All About Control, Watch What Happens Next

The establishment is panicking, the vote is not going their way in the house. Is Trump flexing his muscle showing the establishment he is in control. Think about the timing of the Twitter files, and..

Credit: Rumble     Duration: 51:56Published