Trump Tax Returns Amount To Nothing

December 31, 2022

Former President Donald Trump's tax returns were finally released.

It turns out that it could end up hurting liberals way more than it hurt Trump.

First of all, nothing terrible was exposed about Donald Trump.

Second of all, the release may have been illegal. Republicans in the House minority have declared there was "no legitimate legislative purpose" to release Trump's private tax returns. They noted:

Most importantly, the Committee Majority’s action set a dangerous new precedent. It is apparent from the proceedings that the Committee Majority set out with the goal of obtaining and publishing the former President’s full tax returns. Everything since then has been a search for a rationale or justification that would be acceptable to the courts. Committee Republicans are not focused on whether the former President should have made his tax returns public, which has been tradition. Nor are Committee Republicans focused on the accuracy of those tax returns – that is for the IRS to determine in the ongoing audits of the former President.

Committee Republicans are concerned that this politically motivated action unleashes a dangerous new political weapon reaching far beyond the former President and overturns decades of privacy protections for average Americans. Going forward, the new precedent is that the Chairman of the House Ways and Means Committee and the Senate Finance Committee have nearly unlimited power to target and make public the tax returns of private citizens, political enemies, business or labor leaders, or even Supreme Court justices. No party in Congress should hold that power. No individual should hold the power to embarrass, harass, or destroy a private citizen through disclosure of their tax returns. But the Committee Majority has demonstrated that the tax-writing committees do have that power.

After nearly half a century, the political enemies list is back in Washington, D.C, and the Committee’s actions on December 20, 2022, will unleash a new cycle of political retribution in Congress. It didn’t have to be this way. Despite warnings about the long-term negative consequences, Democrats moved forward anyway. This development will simply make our politics more divisive and partisan. Even Democrats will come to regret this. And they may regret it sooner than they think.

It will be interesting to see what happens with this after Republicans are sworn into control of the House on Jan. 3, 2023.