House panel votes to release Trump tax information despite threats from Republicans

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House panel votes to release Trump tax information despite threats from Republicans
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House committee votes to release former President Trump's tax information to the public after long legal battle

"Teams of sophisticated tax advisers were likely engaged throughout Trump’s career to assure the absence of any ‘bombshell’ within the returns. His returns might actually be somewhat unremarkable but for the fact they are the returns of Donald Trump,” wrote Rettig.

As the Finance Committee leader, “Sen. Wyden has all the same powers” to seek and review tax returns as part of Congress’ oversight role as Rep. Richard Neal, D-Mass., the chair of House Ways and Means panel, said Rosenthal. “He may want to wait and see what happens with Ways and Means first.”Ahead of the meeting Tuesday afternoon, Rep. Brendan Boyle, D-Pa., lashed out at the former president’s “major tax avoidance.

Boyle is one of two dozen Democrats on the Ways and Means Committee, in addition to Neal. There are 17 Republicans. Ways and Means is the oldest congressional committee and the lead tax-writing panel in the House. Citizens for Responsibility and Ethics, the public interest watchdog group that earlier urged public release of his tax information, fired off a letter to the committee Tuesday asking members to send Trump’s tax materials to the Senate for further investigation.

After former House Speaker Newt Gingrich released his returns in 2012, McKenzie and other lawyers told USA TODAY Gingrich used a popular tax strategy that enabled him to avoid paying Medicare tax on most of his 2010 income.

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