Since the 1970s, U.S. presidential candidates have voluntarily released their tax information. The House vote on Tuesday marks first time that a presidential candidate forcibly had tax information released by Congress
released Tuesday night, says wasn’t the case. In fact, the committee found that Trump’s returns weren’t under audit until years later, in 2019, and that the IRS during Trump’s first two years in office failed to follow its own manual which requires auditing the President and Vice President’s tax returns each year. Only one year of Trump’s taxes was selected for audit, the report found, and that audit wasn’t completed until after Trump left office.
Presidential candidates from both parties releasing their tax returns began in the 1970s, when Richard Nixon decided to release his tax returns in the wake of press reports about his tax filings. Nixon encouraged Congress to look at whether he’d misused public funds. A joint congressional committee in 1974 determined Nixon owed back taxes. When that news came out, Nixon delivered the now-iconic line, “I am not a crook.
Already, at least one other Republican candidate has shown signs of following Trump’s lead. Florida Governor Ron DeSantis, who is widely seen as a potential challenger to Trump in the 2024 presidential race, released his tax returns in 2018, but hasn’t for other years, even when other candidates in Florida’s governor’s race did so. DeSantis did release aform including less detail than a tax return that shows a summary of his financial holdings in 2021.
Trump’s norm-breaking refusal to voluntarily release his tax information launched the process into the political arena, and already lawmakers are warning of the implications. The House Ways and Means Committee decided to release Trump’s returns by a party line vote on Tuesday, just two weeks before Republicans are set to take control of the chamber.
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