UPDATE< DEC. 1:
The House Ways and Means Committee finally has six years of Donald Trump’s federal tax returns.
“Treasury has complied with last week’s court decision,” a spokesperson said on Wednesday.
An aide to Committee chair Rep. Richard Neal said the panel will meet Thursday for a briefing on the legal position around the documents.
ORIGINAL ENTRY, NOV 23:
The Supreme Court has ordered Donald Trump to hand over his tax returns to a House committee.
In a brief, unsigned order, the Court ended 3 1/2 years of obstruction by Trump. The US Treasury may now turn over six years of tax returns to the Ways and Means Committee, which is reviewing oversight of a President’s tax and business affairs.
Committee chairman Rep. Richard Neal welcomed “the oversight that we’ve sought” but did not say if any of the returns will be published.
Trump almost succeeded in running out the clock on the House’s demand with his legal maneuvers. Republicans take control of the chamber in January with a narrow majority. With Trumpists — including House Republican Leader Kevin McCarthy — in charge, the demand would likely have been dropped.
Trump’s lawyers had called on the Supreme Court to extend a lower court’s stay which gave them more time to pursue an appeal. Douglas Letter, the chief lawyer for the House, countered that further delay “would leave the committee and Congress as a whole little or no time to complete their legislative work”.
The House committee’s hearings began in 2019. Trump’s former lawyer and fixer, Michael Cohen, testified that Trump had likely committed fraud by inflating the value of assets when applying for loans and undervaluing them to reduce his tax liability.
The Trump Organization is on trial in New York State, accused of tax fraud and other financial crimes. The New York State Attorney General is pursuing civil damages and penalties against Trump and his children Ivanka, Eric, and Donald Jr.
In 2020, The New York Times obtained some of Trump’s tax returns. The documents established that Trump paid no federal income taxes in 11 of 18 years through avoidance. A $72.9 million tax refund was being audited by the Internal Revenue Service.