Dems release six years of Trump tax returns

Just days before the US House of Representatives flips to Republican control, House Dems have released former President Donald Trump’s tax returns from 2015-2020, which he has gone to painstaking lengths in recent years to keep from going public. While details remain scarce as reporters wade through thousands of pages of documents, reports recently released by the US House Ways and Means Committee showed that Trump was not audited by the Internal Revenue Service in 2016. He had claimed the audit was why he was forced to buck the trend of presidents releasing their tax returns. That report also showed that in 2016 and 2017 the former president paid just $750 in federal income tax, declaring losses topping more than $12 million. It also revealed that he paid a total of $1.1 million in federal income tax in the first three years of his presidency but zilch in 2020. After examining these findings, the non-partisan Joint Committee on Taxation recently urged the IRS to look into whether money the former president loaned to his children – which he claimed were gifts – should have been taxable. Looking ahead, tax analysts will be focusing on whether any of Trump’s tax policies from his time in office aimed to benefit his own financial arrangements.

More from GZERO Media

- YouTube

Listen: The world is on the brink of one of the most fundamental demographic shifts in modern human history: populations are getting older, and birth rates are plummeting. By 2050, one in six people on Earth will be over 65, which will have a huge impact on the future of work, healthcare, and social security. On the GZERO World Podcast, Ian Bremmer sits down with Jennifer Sciubba, President & CEO of the Population Reference Bureau, to discuss declining fertility, the aging crisis, and why government efforts all over the world to get people to have more babies don’t seem to be working.

Republican U.S. Representative Matt Gaetz speaks at a campaign rally for Republican presidential nominee and former U.S. President Donald Trump in Henderson, Nevada U.S. October 31, 2024.
REUTERS/Mike Blake

President-elect Donald Trump’s unconventional picks for a number of important Cabinet positions in his second administration have set him on a collision course with the GOP-led Senate.

Accompanied by tugs, the LNG tanker "Hellas Diana" transports a cargo of LNG to the "Deutsche Ostsee" energy terminal.
Stefan Sauer/Reuters

While other countries in Europe still import small amounts of Russian LNG under long-term contracts, the EU broadly is looking to import more of the stuff from the growing American market.

Luisa Vieira

Cabinet-building has long been crucial for both the success of a presidency and the direction of the United States. From the presidencies of Abraham Lincoln to Donald Trump, the team often tells the tale of power. Publisher Evan Solomon looks at what Trump’s Cabinet picks are telling us all.