Trump's Tax Returns Released After Long Fight With Congress

The House Ways and Means Committee released thousands of pages of Donald Trump's tax returns, revealing his use of tax loopholes to minimize liabilities. The documents show Trump paid little federal income tax during his presidency, with significant business losses reported. Trump called the release a political witch hunt. The IRS's delayed audit of Trump's taxes has led to proposed legislation for faster audits. Republicans criticized the release, fearing it sets a dangerous precedent. The political battle continues as Republicans plan to investigate President Biden's family.

What was the primary reason for the release of Trump's tax documents by the House Ways and Means Committee?

• To comply with a court order

• To provide transparency on presidential taxes

• To confirm the use of tax loopholes

• To investigate Trump's business dealings

In 2020, what was the reported amount of losses claimed by Trump on his tax returns?

• $0

• $15 million

• $1 million

• $390,000

How did Trump describe the release of his tax documents?

• A financial review

• A necessary transparency

• A political witch hunt

• A legal obligation

What precedent did Trump break regarding presidential tax documents?

• Not releasing tax documents while in office

• Releasing tax documents after presidency

• Releasing tax documents before election

• Not paying taxes during presidency

What legislative proposal is being considered to improve the IRS auditing process?

• Immediate audits for presidential candidates

• Annual audits for all citizens

• Mandatory audits within 90 days of presidency

• Random audits for high-income individuals

What concern do Republicans have about the release of Trump's tax documents?

• It affects future elections

• It violates privacy laws

• It reveals financial misconduct

• It sets a dangerous precedent

What future actions are Republicans planning in response to the release of Trump's tax documents?

• Investigating Biden's family business dealings

• Releasing more of Trump's documents

• Proposing new tax legislation

• Challenging the IRS in court