: Trump’s tax returns are now public after long fight with Congress


The U.S. House Ways and Means Committee released six years of former President Donald Trump’s tax returns on Friday.

Experts will be looking closely at large business losses reported by Trump that significantly reduced his tax liability. For instance, he paid no federal taxes in 2020.

Read: Trump paid $0 taxes in 2020. He’s not alone

Analysts are also going to pore over the documents for any details of Trump’s foreign business dealings.

See: What could be learned from Trump’s tax returns

Democrats on the Ways and Means Committee said they voted to release the Trump tax returns to help improve the tax laws. Republicans warned that the release would set a precedent where political parties routinely release the tax returns of their opponents.

Another question is why the Internal Revenue Service failed to audit Trump’s tax returns as it routinely does for U.S. presidents.

See: Trump taxes could rev up fight over IRS funding

On Jan. 3, Republicans will take control of the House along with the tax-writing committee.

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