US House Democrats on Friday released former President Donald Trump’s tax records for six years, divulging nearly 6,000 pages of documents he had long fought to keep secret and inflicting another blow on him as he seeks the White House again in 2024 .
The documents include individual returns from Trump and his wife Melania, as well as the former president’s business units from 2015 to 2020.
They reveal how Trump used tax legislation to reduce his tax liability and provide information on overseas accounts, charitable giving and the performance of some of his most high-profile business ventures, which have hitherto been largely shielded from public scrutiny.
The records show that Trump’s income and tax liability fluctuated dramatically during his first presidential bid and subsequent tenure. He and his wife claimed large deductions and losses and paid little or no income tax for several of those years.
The release of the redacted statements caps a multi-year battle between the former Republican president and Democratic lawmakers that was settled by the US Supreme Court just last month.
Trump, a business tycoon who took office in 2017, became the first presidential candidate in decades not to publish his tax returns.
In response to the release of the tax data, which will now be available for in-depth investigations by journalists and independent tax experts, the former president warned of dire consequences and took the opportunity to solicit campaign funds.
“The Democrats should never have done it, the Supreme Court should never have approved it, and it’s going to lead to terrible things for so many people,” he said in a statement.
The release of the records comes just days before Republicans regain control of the House and weeks after Trump launched another campaign for the White House.