The House passed the presidential tax audit bill after Donald Trump’s evasions came to light

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Washington DC – The House has passed a new bill that would require a tax audit of the president. The bill’s passage follows revelations that former President Donald Trump managed to evade audits during his presidency.

The House on Tuesday passed a bill that would require presidents to undergo tax audits. © Collage: IMAGO / MediaPunch

According to The Hill, the new bill called the Presidential Tax Filings and Audit Transparency Act passed the House on Thursday by a vote of 222-201.

The new law would require the IRS to conduct an audit of a president’s tax returns and the tax returns of a president’s businesses. It would also require the IRS to make a preliminary report about the audit available to the public within 90 days of the filing.

The House Ways and Means Committee is investigating Trump’s tax history, something he has failed to provide during his time on the campaign trail and as president, despite promising to do so.

Donald Trump Donald Trump left the committee on January 6 with a major complaint

A recent report revealed that the IRS did not audit Trump while he was in office in 2017 and 2018, even though the agency has a mandatory audit program for White House employees.

The report also found that Trump reportedly paid $0 in income taxes in 2020.

The president’s audit policy, outlined in an IRS regulation manual, has been in place since 1977 but has never been enacted into law.

Similarly, presidential candidates are not required to disclose their tax returns, but this has been an unspoken tradition for decades.

The new law will enact both as law. However, the bill is not expected to be taken up by the Senate before the new Congress is sworn in this coming January.

The House Ways and Means Committee is expected to release the full and final report on Donald Trump’s tax returns to the public on Thursday.

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