Republican Rep. Dan Meuser demanded that the IRS investigate $240,000 in loan payments President Biden received from his brother, saying the committee investigating financial transactions for foreign business ties has been blocked by the White House.
“The possible lack of formal written agreements or promissory notes raises questions about the legality and transparency of these loans,” Meuser (Pa.) wrote in a Jan. 17 letter to IRS Commissioner Daniel Werfel.
“Of particular interest is whether President Biden charged interest on these loan repayments and, if so, whether this interest was properly reported on his tax returns,” he added.
“If the payments were neither a loan repayment nor a gift, they were in fact ordinary income received by Joe Biden, Jill Biden, or entities related to them.”
Rep. Dan Meuser (R-Pa.) asked the IRS in a Jan. 17 letter to investigate $240,000 in loan payments from President Biden to his brother James. AP Meuser, former Pennsylvania treasury secretary, said the White House has blocked the House Oversight Committee from requesting records corroborating the loans. REUTERS
Meuser, who served as Pennsylvania treasury secretary from 2011 to 2015, demanded a “thorough review” and “detailed responses” from the IRS on the payments, saying it was “not only a matter of tax compliance but also of maintaining trust.” of the public.” in the integrity of our government institutions.”
He told The Post that the IRS investigation should be able to “determine the legitimacy of the alleged loan that Joe Biden made to his family members and that they now claim to be repaying.”
“If the IRS cannot verify the existence of the loans, then Joe Biden, the recipient of the payments, is intentionally misrepresenting what the payments were for and is violating state and federal tax laws,” he said.
Meuser, who sits on the House Financial Services Committee, informed IRS Commissioner Daniel Werfel that he expected a response to his questions about the loans by February 16.
“This falsification of records would only be done to conceal payments made indirectly to Joe Biden by foreign entities, including a $40,000 payment from a company linked to the Chinese Communist Party. If an average citizen had evaded the tax law in this way, he would be in jail.”
Meuser informed Werfel that he expected a response to his questions about the loans by February 16.
The loans were revealed in bank records obtained by the House Oversight Committee as part of its impeachment inquiry into the president and its probe of his son and brother’s lucrative foreign business dealings.
“If the IRS cannot verify the existence of the loans, then Joe Biden, the recipient of the payments, is intentionally misrepresenting what the payments were for and is violating state and federal tax laws,” Meuser told The Post. AP
A $40,000 check from first brother James Biden and his wife Sara Biden arrived in Biden’s bank account on Sept. 3, 2017, which Oversight Chairman James Comer (R-Ky.) called “laundered” money. of an agreement reached with a Chinese government. Related energy company.
CEFC China Energy paid Hunter and James Biden $6.1 million in 2017 and 2018 as part of a “complicated financial transaction,” according to a supervisory memo released in November.
Approximately $5 million of that sum was transferred 10 days after Hunter sent a threatening text message on July 30, 2017, to a CEFC associate, in which he said he was “sitting” with his father and demanded to know “why.” “the commitment made has not been fulfilled.” has been fulfilled.”
A $40,000 check from first brother James Biden and his wife Sara Biden arrived in Biden’s bank account on September 3, 2017, and was allegedly “laundered” from an entity linked to the Chinese government. Corbis via Getty Images
Emails found on the first son’s abandoned laptop also show that the “big guy” was promised a 10% stake in the deal. Other communications and testimony from Biden’s family and associates have given Biden the same title.
Another $200,000 check hit the former vice president’s bank account on March 1, 2018, the same day a now-defunct U.S. hospital chain paid his younger brother James after he pledged to help her find an investor in Middle East.
The former rural hospital chain, Americore Health, had also deposited $400,000 into James Biden’s account earlier that year, on January 12, for a total of $600,000.
Emails found on the first son’s abandoned laptop also show that the “big guy” was promised a 10% stake in the deal. AP
The payments were “based on statements that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain major investment from the Middle East thanks to his political connections,” a July 2016 bankruptcy court filing shows. 2022.
After “having reviewed various financial records,” Meuser said the House Oversight Committee had found “no evidence of the existence of such a loan.”
“In November, President Comer wrote to White House Counsel Edward Siskel asking about documentation for the March 2018 loan repayment,” he told Werfel.
Hunter, who pleaded not guilty to federal tax fraud charges earlier this month, will be deposed by Comer’s committee over his foreign business dealings on February 28.
“The letter highlights the lack of evidence to support the White House’s claim that the $200,000 check was payment for a loan from Joe Biden to his brother.”
White House Counsel’s Office spokesman Ian Sams has dismissed allegations of illegitimacy of the loans as “lies and conspiracy theories.”
“After digging through thousands of pages of a private citizen’s banking records, they have again found no evidence of wrongdoing by President Biden, and that’s because there isn’t any,” Sams said last October in a statement. when the first payments came to light.
“This entire exercise has become a futile self-debunking quest that is only throwing up evidence that President Biden did nothing wrong.”
Sams did not immediately respond to a request for comment.
Hunter, who pleaded not guilty to federal tax fraud charges earlier this month, will be deposed by Comer’s committee over his foreign business dealings on February 28.
James and Sara Biden have not yet scheduled their interviews with the panel after they were subpoenaed to appear in November.
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Source: vtt.edu.vn