House Republicans in charge of President Joe Biden’s impeachment inquiry are seeking answers on his tax returns, Ways and Means Chairman Jason Smith (R-MO) revealed during an interview on Sunday.
According to Smith, the Ways and Means Committee is focusing on tax as part of its corruption-based impeachment probe against the president.
Smith revealed that while there are checks of $240,000 purported to be a loan repayment to Biden’s brother, James Biden, a deeper look shows that there is something more sinister going on.
“But if you look at the president’s tax returns that he has released publicly, there’s no documentation of any interest income that he has received for any loans that he had granted towards anyone. So, we need answers to those questions to make sure that people are being accurate on their tax forms,” Smith stated.
He then went on to complain about how their efforts to get officials to testify from agencies such as the Department of Justice’s tax division has been met with pushbacks. He, however, said that Hunter and James among others have been issued subpoenas to testify in the coming weeks. With the impeachment inquiry into the president now formalized, Smith hopes that they will come forward.
House Republicans have drawn suspicion to two “loan repayment” checks to Biden, including one for $200,000 from James in 2018 and one for $40,000 from James’ wife, Sarah in 2017. According to lawmakers, the monies could have been funded by Chinese laundered money, as investigators found that the check from Sarah originated from Northern International Capital, a Chinese company with affiliations to Chinese conglomerate CEFC.
Democrats have claimed that the loans were just between two brothers. According to them, the checks were in repayment of a pair of short-term loans Biden gave to James in 2017 and 2018 while he was not in office.
This explanation does not hold much water, especially as the White House has stonewalled investigators’ attempts to get further documentation on the loans or get interviews on the issue.
In a statement to X last month, the House Oversight Committee wrote, “The White House today made clear to us that President Biden is refusing to hand over loan documents for any ‘loans’ he provided to his brother, James Biden. We’ve exposed nearly a quarter of a million of dollars that James Biden sent to Joe Biden as ‘loan repayments’ that were funded by laundered China money and influence peddling schemes.”
“We won’t be stopped by the President’s stonewalling. We’ll continue to follow the money, expose President Biden’s corruption, and deliver accountability,” the post added.
🚨Friday Night News Dump🚨
The White House today made clear to us that President Biden is refusing to hand over loan documents for any “loans” he provided to his brother, James Biden.
We’ve exposed nearly a quarter of a million of dollars that James Biden sent to Joe Biden as…
— Oversight Committee (@GOPoversight) November 3, 2023
