US Supreme Court Rules "House Allowed Access to Trump Tax Records"
[Asia Economy Reporter Jeong Hyunjin] On the 22nd (local time), the U.S. Supreme Court finally rejected former U.S. President Donald Trump's request to block the House of Representatives' demand to submit his tax refund records. As a result, former President Trump is now required to submit six years' worth of his tax refund data to the House.
According to the Washington Post (WP) and others, the Supreme Court decided not to accept Trump's appeal against a lower court ruling on October 31 that ordered him to submit his tax refund records to the House Ways and Means Committee.
With this Supreme Court decision, the U.S. Treasury Department must submit tax refund records for Trump himself and some of his owned businesses from 2015 to 2020, including the four years of his presidency, to the House Ways and Means Committee. Although the Treasury Department has not disclosed when it will hand over the data, it stated that it will comply with the Supreme Court's ruling.
During his presidency, Trump refused to disclose his tax refund details, a long-standing practice for U.S. presidents, and engaged in legal battles with Congress. Earlier, on the 1st, the Supreme Court temporarily blocked access to Trump's tax records by the House Ways and Means Committee until the 10th, requesting additional submissions from the committee based on a lower court ruling. The committee appealed to the Supreme Court, stating, "Former President Trump is attempting to block congressional investigations into a former president for political reasons, thereby undermining the constitutional authority of the separation of powers."
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
This Supreme Court decision is expected to be a setback for Trump, who officially declared his presidential candidacy on the 15th. However, with the Republicans taking control of the House in January next year following the midterm election results, the current Democrat-led House Ways and Means Committee faces the mission of quickly reviewing Trump's tax-related data. WP commented, "Time is not on the Democrats' side," and predicted, "When the new Congress is formed in January next year and the Republicans become the majority party in the House, the committee's data requests will certainly be discarded."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.