Trump Tax Returns To Be Released By House Ways And Means Committee Friday

On Friday, former President Donald Trump's redacted tax returns, which have been highly anticipated, will be available to the public.

A spokesperson for the House Ways and Means Committee confirmed it on Tuesday, reported Reuters. During a House pro forma session Friday morning, the tax returns will be placed into the congressional record. That session will happen around 9 a.m. on Friday, and there will also be a formal announcement on the same day from the panel.

According to Fox News, the financial documents should cover Trump's four years in the White House. They are expected to reveal insights into the state of the former President's finances as he gears up for a third bid for President in 2024.

This comes after the House Ways and Means Committee last week asserted that the Internal Revenue Service (IRS) failed to properly audit Trump's taxes while he was serving as the President, reported CNN. The panel had released a report that detailed six years’ worth of Trump’s tax returns. It included his claims of huge annual losses that significantly reduced his tax burden.

The committee's chairman Richard Neal and fellow Democrats had said that the records that they received showed that the Presidential audit program didn't work as intended. Neal, who is a Massachusetts Democrat, charged that the complete required audit of the former President's taxes “did not occur.” He claimed that Trump's returns were only subjected to the mandatory audit once, which happened in 2019, only after Democrats inquired. The panel had also released a supplemental report from the Joint Committee on Taxation. It included details on Trump’s tax returns from 2015 to 2020.

The release of Trump’s tax returns marks the end of a nearly four-year legal battle that Democrats waged against the former President, a Republican, after they took control of the House three years ago. The audit program was essential for Democrats as it was the justification that they used to get the tax returns in the first place. But the Democrats' pursuit was also tied in part to suspicions about Trump’s taxes after he refused to release his tax returns as a Presidential candidate and while in the White House.