<!-- wp:html --><p>Mark Wilson</p>
<p>The <a href="https://www.thedailybeast.com/donald-trumps-legal-problems-all-converged-into-one-day-of-spectacular-failures">Supreme Court’s rejection</a> of an emergency request by former President Donald Trump to <a href="https://www.thedailybeast.com/how-releasing-trumps-tax-returns-could-save-our-democracy">block release of his tax returns</a> marks the culmination of a three-year legal fight with the House Ways and Means Committee—and the affirmation of <a href="https://www.politico.com/news/2022/11/22/supreme-court-backs-house-effort-to-obtain-trump-tax-returns-00070530">a simple law</a> allowing congressional investigators broad access to tax return information. </p>
<p>While it is unclear how quickly the returns will be turned over by the Treasury Department—and just how the work of the Committee may be affected by the anticipated turnover of the <a href="https://www.thedailybeast.com/gop-gets-its-consolation-prize-a-bare-bones-house-majority">House of Representatives to a Republican majority</a>—there is no doubt that the returns contain a potential treasure trove of information that Trump does not want revealed.</p>
<p>The documents may include a fuller picture of the approximately 500 LLCs that Trump uses in his various business dealings by shedding light on just how income from such “pass-through” entities <a href="https://www.nbcnews.com/business/taxes/what-trump-s-disclosure-his-500-llcs-can-can-t-n874391">were treated by Trump in his tax filings</a>, as well as information about foreign assets and the charities he claims to fund. </p>
<p><a href="https://www.thedailybeast.com/what-releasing-trumps-tax-returns-tells-us-about-america?source=articles&via=rss">Read more at The Daily Beast.</a></p><!-- /wp:html -->
The Supreme Court’s rejection of an emergency request by former President Donald Trump to block release of his tax returns marks the culmination of a three-year legal fight with the House Ways and Means Committee—and the affirmation of a simple law allowing congressional investigators broad access to tax return information.
While it is unclear how quickly the returns will be turned over by the Treasury Department—and just how the work of the Committee may be affected by the anticipated turnover of the House of Representatives to a Republican majority—there is no doubt that the returns contain a potential treasure trove of information that Trump does not want revealed.
The documents may include a fuller picture of the approximately 500 LLCs that Trump uses in his various business dealings by shedding light on just how income from such “pass-through” entities were treated by Trump in his tax filings, as well as information about foreign assets and the charities he claims to fund.
