It looks like someone else has a draft of a post about Trump’s tax returns, so I’ll keep this brief, but to follow up on a post from yesterday, in which I erroneously speculated that there wasn’t time for oversight since Trump ran out the clock with court challenges, it appears the House Ways & Means Committee had a great reason to release the returns after all:
(TPM) The IRS dozed through most of its obligations to audit Trump during his presidency, the panel found, concluding that it violated an agency program which mandates that the tax returns of every President be audited annually. In Trump’s case, the returns weren’t audited for his first two years in office — when Republicans held a governing trifecta.
The revelation that the IRS was asleep at the wheel buttresses the argument that the committee used to justify its request for Trump’s returns: that if the IRS isn’t doing its job, Congress needs to know in order to consider legislation to fix the problem. And yet, for the aforementioned losers and haters who demanded scrutiny not only of Trump’s tax returns, but those of every President, it’s a hollow victory: Trump has been out of office for years, and the report shows largely that he escaped scrutiny of his finances while in power, thanks in part to his position of power.
After years of stonewalling and delay, the panel finally received Trump’s tax returns from the IRS last month. It voted on Tuesday to release the records themselves, with redactions, to the public.
TPM reporter Josh Kovensky writes that the report “reveals that the IRS was stunningly lax in its treatment of Trump, but doesn’t go so far as to speculate on the cause: incompetence, fear, or corruption.” Why not all three? Anyhoo, good call, House Ways & Means Committee!