Wednesday, December 21, 2022

BREAKING: House Committee Votes To Release 6 Years Of Trump Tax Returns


It is troubling that they are judging Trump by presidential standards since he was in no way presidential. I am all for ending personal income taxation, shifting to salary/dividend surtaxes, value added tax and an asset value added tax to replace capital gains taxes (and ending subsidies for capital losses/failure). The big reason to get the taxes is to analyze how Trump made so much money by losing it on paper.

The majority staff will become the minority staff. They will still have the tax information and can certainly control how it is used in analyses.  It can also offload the analysis to the GAO for some purposes - or have Senate Finance do so. Finally, given the likelihood that much of MAGA world will face prosecution for the insurrection (ex., the Freedom Caucus), the Democrats may be back in the majority sooner than later. Much sooner if a handful of House Republicans vote for Jeffries for Speaker.

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