The statements will be made public during a session of the House, which will begin at 9 am (local time). A spokesman for the commission announced it on Tuesday.
Rejection
Trump has consistently refused to release his tax returns, a practice that has been common practice for decades for presidents and presidential candidates. He declined to disclose details of his assets and his business activities. Critics speculate that he has something to hide. After years of legal battles, a House committee obtained six years of Trump’s tax returns from the Treasury Department in late November.
The parliamentary committee released a report earlier this month containing its findings. The tax returns themselves were not released at the time because, according to the committee, they contained sensitive information that needed to be changed first. However, according to Democratic committee members, it is important that statements are released to understand the context of the report.
The report found that Trump and his wife Melania paid little or no income taxes during their years in the White House. To that end, the couple claimed numerous deductions and business losses. Trump paid $0 in income tax in his last full year as president. The year before, he owed $134,000 to the taxman. In 2018, it was $1 million and the year before it was $750. Democratic committee members believe the U.S. tax authorities (IRS) haven’t reviewed carefully enough whether the returns are correct.