you, we have a special holiday weekend of all in, here, alertly or than usual. i d hope you are somewhere warm and comfortable to set in. we will be here for a while. we have something to talk about because we finally have, finally have, donald trump s tax returns. today, house democrats released thousands of pages of the ex president s tax records, covering six years, from 2015 to 2020. of course, that was the period when trump both campaign for president, and subsequently the president of the united states, formally in the white house. the release of this information is the culmination of a years-long quest, undertaken by a whole bunch of folks, civil society lawyers, reporters, democratic members of congress alike. you will remember from the moment that donald trump came down the golden escalator in trump tower, june 2050, and to announce his candidacy, there have been a ton, almost endless questions about his finances, particularly his potential financial conflicts of, in
ruling after another. appeal upon appeal. and even a trip to the knighted state supreme court. but today the american public finally has its hands on something donald trump as so doggedly sought to conceal. his tax returns. six years worth. and an unprecedented window and steube s financial picture. this public release, which, among other things, shows the don trump paid relatively little in taxes in the years before and during his presidency, is the end product of an effort undertaken by the house ways and needs committee. after securing their returns, which cover the years 2015 to 2020, that panel voted along party lengths to hand redacted versions of the returns to the public. before we get into what these thousands of pages reveal, in a way those who are who are not accountants can understand, it s worth noting how the committee got its hands on these returns in the first place. is the end result of its investigation into an irs policy that mandates audits of returns file
lawmakers have rarely sought to make public confidential taxpayer information. there is some precedent. now we ll see a whole new one today. we ll go live to capitol hill this morning. what time are we expecting these to come out is what everyone really wants to know. reporter: this is going to happen around 9:00 a.m. so just less than an hour at this point and we are mere steps from the house floor where this is going to get entered into the congressional record. what you should expect to see today is the ways and means committee will release a press release that will include the following documents. one of them, trump s personal federal tax returns for the years between 2015 and 2020 as well as the returns for eight of his business entities. here s where the real treasure trove of information could come from, additional work files that the irs might have as they were looking over former president donald trump s taxes. we should talk about the importance of this moment bec
good morning, everyone. i m jessica dean in washington. jim sciutto is off today. any moment now house democrats set to release former president donald trump s tax returns after a four-year legal battle. we expect to learn more wiabout his wealth, his charitable donations and the house said the irs failed to properly lay audit his tax returns. they detailed six years of returns showing trump claimed tens of millions in annual losses that significantly reduced his tax liability. lauren fox is on capitol hill. we expect the returns any moment now. break down how this is expected to play out. reporter: jessica, any minute we do see the returns. on the house floor they are in a pro forma session. this is what happens. they usually quickly gavel in and they gavel out, but part of what is happening is entered into the congressional record will be this tax information of former president donald trump. it will be between 2015 and 2020. it will include the business entity as will as
came out an hour ago and there is say lot of data here and how the former president is responding. so as as you said, we have team combing through hundreds of pages but trump paid a very low amount of income tax in the first and last year of presidency. we re talking about 2017 he paid $750. 2018 and 2019, it was combined $1.1 million in income tax and in 2020 it was $0 and that is important and here is why. we hope the tax returns will show the raw data of the numbers but it is looking at the detailed documents that were providing to give us insight into his businesses. are they really as successful as he has said. and i talked to a number of tax experts who say that $0, that indicates that there might be been some faltering business. he said in 2016 it was smart not to pay taxes when he was talking with hillary clinton about why he wouldn t release them. but is it actually business losses? which is important when you think about the political ramifications of a man who ra