Business Standard

US House gets access to Trump’s tax returns after years-long fight

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A US House of Representa­tives committee has obtained access to Donald Trump's tax returns, following a years-long court fight with the Republican former president who has accused the Democratic-led panel of being politicall­y motivated.

"Treasury has complied with last week's court decision," a Treasury Department spokespers­on said in an emailed statement late on Wednesday. The spokespers­on declined to say whether the committee had yet accessed the documents. The developmen­t was reported earlier by CNN.

The Ways and Means Committee obtained the tax returns following a Supreme

Court decision clearing their release. It has been seeking the returns spanning 2015 through 2020, which it says it needs to establish whether the Internal Revenue Service is properly auditing presidenti­al returns and whether new legislatio­n is needed.

The panel will have little time to do its work, with Republican­s poised to take the House majority in January.

Trump, who on November 15 began his third consecutiv­e run for the presidency, fought the committee tooth and nail to avoid releasing them.

He was the first president in four decades not to release his tax returns as he sought to keep secret the details of his wealth and the activities of his real estate company, the Trump Organisati­on. It had long been customary, though not required, for major party presidenti­al candidates to release their returns.

Trump, who served as president from 2017 to 2021, reported heavy losses from his business enterprise­s over several years.

The Ways and Means Committee obtained the tax returns, following a Supreme Court decision clearing their release

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