The House Ways and Means Committee released six years of former President Donald Trump’s tax returns (2015-2020), ending a four-year legal battle and providing unprecedented public access to a sitting president’s financial records. The release followed the committee’s December 20, …
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Treasury Secretary Steven Mnuchin defied a congressional request by House Ways and Means Committee Chairman Richard Neal, refusing to provide six years of President Trump’s tax returns. Mnuchin claimed the request ’lacks a legitimate legislative purpose’, marking an unprecedented …
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House Ways and Means Committee Chairman Dave Camp (R-MI) released comprehensive tax reform draft legislation proposing to raise the tax on carried interest from 23.8% to 35%, effectively closing one of the most notorious tax loopholes benefiting private equity and hedge fund managers. Carried …
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