House passes bill to ensure yearly presidential tax audit is conducted (UPI)

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    Rep. Richard Neal, chair of the House ways and means committee, said Thursday that his mandatory presidential tax audit legislation isn't about any one president, it's about the presidency. File Photo by Aaron Josefczyk/UPI | <a href="/News_Photos/lp/c8bebe0baf0278da32c23e2b9b1248fb/" target="_blank">License Photo</a>

    House passes bill to ensure yearly presidential tax audit is conducted – By Darryl Coote (UPI) / Dec 23, 2022

    Dec. 23 (UPI) — Following revelations that the Internal Review Service failed to audit former President Donald Trump during the final two years of his tenure, House Democrats have passed legislation mandating the federal agency conduct a yearly tax audit of the sitting president.

    The Presidential Tax Filings and Audit Transparency Act passed the House 222-201 mostly along party lines on Thursday with only five Republicans jumping the aisle to approve the bill with their Democratic counterparts.

    The bill was introduced by Rep. Richard Neal, D-Mass., after the House ways and means committee of which he chairs earlier in the week released a summary of Trump’s tax returns, showing that no audit was conducted during his final two years in office and that only one was done during the entirety of his presidency.

    The release of Trump’s taxes follows four years of the committee attempting to get their hands on them through litigation.

    CONTINUE > https://www.upi.com/Top_News/US/2022/12/23/mandatory-presidential-audit-bill-passes-house/7231671782168/

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