WASHINGTON (AP) — The Democratic-controlled House Ways and Means Committee on Tuesday voted to release former President Donald Trump’s tax returns, raising the potential of additional revelations in the coming days related to the finances of the longtime businessman who broke political norms by refusing to voluntarily make public his returns as he sought the presidency.
Reports released by the committee, as well as Congress’ nonpartisan Joint Committee on Taxation, give a glimpse into Trump’s financial position before and during his presidency. Access to the tax records culminates of a yearslong legal fight that has played out everywhere from the campaign trail to the halls of Congress and the Supreme Court.
A look at the issues that have arisen from the controversy surrounding Trump’s taxes:
WHY ARE THESE ISSUES COMING UP?
Since Richard Nixon — following media reports suggesting the then-president had taken questionable, large deductions on his individual tax returns — U.S. presidents and all major party nominees have voluntarily made at least summaries of their tax information available to the public.