• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Trump Faces a Week of Headaches on Jan. 6 and His Taxes

Trump Faces a Week of Headaches on Jan. 6 and His Taxes

December 18, 2022
Here’s Where All the Other Trump Investigations Stand

Here’s Where All the Other Trump Investigations Stand

March 30, 2023
Mets Get Some Bad News, but Walk Away With a Win

Mets Get Some Bad News, but Walk Away With a Win

March 30, 2023
Former President Donald Trump indicted by Manhattan grand jury

Former President Donald Trump indicted by Manhattan grand jury

March 30, 2023
The Mets Gets Some Bad News, but Walk Away With a Win

The Mets Get Some Bad News, but Walk Away With a Win

March 30, 2023

Jojo Siwa’s TikTok “Love Triangle” Drama With Her Exes, Explained

March 30, 2023
How being indicted could propel Donald Trump to the Republican nomination

How being indicted could propel Donald Trump to the Republican nomination

March 30, 2023
At Mar-a-Lago, Trump’s Camp Is Caught Off Guard

At Mar-a-Lago, Trump’s Camp Is Caught Off Guard

March 30, 2023
DeSantis Talks Tough After Indictment. Trumpers Unimpressed.

DeSantis Talks Tough After Indictment. Trumpers Unimpressed.

March 30, 2023

Kendall Jenner Proudly Presents the Butt Crack Jean

March 30, 2023
‘Witch Hunt Bullshit’: GOP Lawmakers Quickly Side With Trump on Indictment

‘Witch Hunt Bullshit’: GOP Lawmakers Quickly Side With Trump on Indictment

March 30, 2023

Trump Indictment Makes History as Former President Charged

March 30, 2023
‘Transgender Americans shape our Nation’s soul’: Biden issues another pro-transgender proclamation

‘Transgender Americans shape our Nation’s soul’: Biden issues another pro-transgender proclamation

March 30, 2023
DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Trump Faces a Week of Headaches on Jan. 6 and His Taxes

December 18, 2022
in News
Trump Faces a Week of Headaches on Jan. 6 and His Taxes
8.6k
SHARES
24.4k
VIEWS
Share on FacebookShare on Twitter

After more than five years of dramatic headlines about controversies, scandals and potential crimes surrounding former President Donald J. Trump, the coming week will be among the most consequential.

On Monday, the House select committee investigating the Jan. 6, 2021, riot at the Capitol by Mr. Trump’s supporters will hold what is almost certainly its final public meeting before it is disbanded when Republicans take over the majority in the new year.

The committee’s members are expected to debate criminal referrals to the Justice Department in connection with the riot and Mr. Trump’s efforts to cling to power, which culminated on Jan. 6 as the pro-Trump mob tried to thwart the certification of his successor’s 2020 electoral victory. The biggest topic is whether to recommend that Mr. Trump face criminal charges.

On Tuesday, the House Ways and Means Committee will meet privately to discuss what to do with the six years of Mr. Trump’s tax returns that it finally obtained after nearly four years of legal efforts by Mr. Trump to block their release.

The committee could release them publicly, which would most likely be done in the final days of Democratic control of Congress.

And on Wednesday, the Jan. 6 committee is expected to release its report on the attack, along with some transcripts of interviews with witnesses.

Taken together, this week will point a spotlight on both Mr. Trump’s refusal to cede power and the issue that he has most acutely guarded for decades, the actual size of his personal wealth and his sources of income.

“Trump has spent decades avoiding transparency and evading accountability,” said Tim O’Brien, the author of “TrumpNation: The Art of Being the Donald.” “Now both are rushing toward him in the forms of possible tax disclosures and a criminal referral. However much he might want to downplay the significance of all of that, it’s momentous.”

Any public release of his tax information would come as Mr. Trump seeks another White House bid, a time in which he’s facing multiple investigations without the immunity that the presidency gave him from indictment.

The Justice Department is investigating Mr. Trump’s mishandling of presidential records and classified material, and it remains to be seen whether either he or anyone around him is charged in that case.

How much new information will be disclosed this week is unclear. Over the course of more than a year and a half, through nearly a dozen public hearings, the Jan. 6 committee has used testimony and information culled from over 1,000 witnesses to present Mr. Trump as being at the center of an effort to remain in power and thwart the results of a free and fair election.

The Justice Department has been conducting a simultaneous investigation but has not been working in lock step with congressional investigators.

A congressional referral to the Justice Department does not obligate prosecutors to act. Nonetheless, some of Mr. Trump’s advisers are privately concerned about what the House committee will recommend.

Some of Mr. Trump’s tax information is already in the possession of the Manhattan district attorney, Alvin Bragg, whose predecessor, Cyrus Vance Jr., spent years investigating Mr. Trump and his company.

Mr. Trump is also facing a civil suit filed by the New York attorney general, Letitia James, who has alleged a widespread practice of fraud over a decade by the former president, his children and his company. Michael D. Cohen, Mr. Trump’s former fixer and lawyer, helped spur that investigation with testimony before a House committee in 2019 in which he discussed how Mr. Trump, who has always fought anyone asserting he’s worth less than he claims to be, valued his properties.

The New York Times has also investigated Mr. Trump’s tax returns, including information from 2020. The investigation showed that Mr. Trump paid no federal income tax for 11 of 18 years The Times examined.

Mr. Trump reacted with fury to that investigation. And the possibility of a public disclosure of his tax information looms especially large for Mr. Trump, who has fiercely guarded his actual net worth and the sources of his income.

For years leading up to 2016, associates in New York City predicted that, despite repeated feints about a potential campaign, he would never declare because he would have to make his financial information available.

He did submit a federally required personal financial disclosure, but during the 2016 presidential campaign he refused to release his tax returns, a voluntary disclosure nearly every candidate has provided since President Richard M. Nixon. Voters had no ability to analyze where the wealthiest person ever to run for president in the United States was getting some of his money, and how much of it he sent the government in taxes.

During a debate in 2016, his Democratic opponent, Hillary Clinton, took note of the rare times that Mr. Trump had been forced to disclose his earnings and tax payments.

“The only years that anybody’s ever seen were a couple of years when he had to turn them over to state authorities when he was trying to get a casino license, and they showed he didn’t pay any federal income tax,” Mrs. Clinton said.

Mr. Trump fired back: “That makes me smart.”

Through myriad congressional and Justice Department investigations, including ones related to whether his 2016 campaign conspired with Russian officials to sway the election that year, Mr. Trump has repeatedly attacked the investigations, calling them a “witch hunt.” For decades he has insisted that he is a victim whenever he faces scrutiny. Mr. Trump had the same response when his company was convicted of 17 charges of tax fraud and other financial improprieties roughly two weeks ago.

But the details that could become public after this week are more consequential, Mr. O’Brien argued, as Mr. Trump prepares to woo voters for his third run for the presidency.

“There’s existential consequences on the legal side and reputation and business ones on the tax side,” Mr. O’Brien said.

The post Trump Faces a Week of Headaches on Jan. 6 and His Taxes appeared first on New York Times.

Share3422Tweet2139Share

Trending Posts

Last Students Graduate: School Closures Spread In Ageing Japan

March 30, 2023

Trump reacts to indictment and more from lawmakers, critics and allies

March 30, 2023
Donald Trump and Gwyneth Paltrow Battle for Top News Story

Donald Trump and Gwyneth Paltrow Battle for Top News Story

March 30, 2023
Gunman in 2017 Las Vegas Shooting Was Angry at Casinos, New F.B.I. Files Show

Las Vegas Gunman Was Angry at Casinos, New F.B.I. Files Show

March 30, 2023
Gunman in 2017 Las Vegas Shooting Was Angry at Casinos, New F.B.I. Files Show

Gunman in 2017 Las Vegas Shooting Was Angry at Casinos, New F.B.I. Files Show

March 30, 2023

Copyright © 2023.

Site Navigation

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2023.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT