Former Vice President Joe Biden is facing some tax problems that, if unchecked, could send his presidential campaign into disarray. Mr. Biden isn’t under investigation for tax evasion or anything like that. He’s facing an I.R.S. audit and a potential discrepancy in his tax returns, as Politico reported.
The problem seems to be in the form of what his spokesman says is an additional item on Mr. Biden’s returns that he didn’t have to report. “The omission was unintentional,” Mr. Biden’s spokesman said in a statement.
Typically, when asked for comment about tax returns, campaigns and candidates do the law school version of an arabesque, only in this case it’s a high leg kick and the leg is straight up the backside. But the potential issue is not that Mr. Biden has not filed his taxes. It’s that he made a sizable donation to an organization linked to himself — last year, Biden for America, which helps raise money for his presidential campaign. According to MSNBC, between $24,000 and $40,000 of the $680,000 in income reported by Mr. Biden for America last year came from a $31,000 donation to One Nation, which the former vice president also heads.
You may be thinking now, “Hmm, oooooh, real weird!” A second, less positive thought: Mr. Biden is responsible for the administration’s disastrous tax overhaul in 2017, which Republicans were widely convinced would help businesses, not hurt them. And, without even batting an eye, the I.R.S. was all over a recent example in which the Trump administration tried to ship a child separation policy to Mexico, but got pushed back by Congress, who correctly understood how bad it would look. Tax policy was made for voters, not elites in Washington.
Read more here.
Michelle Obama ‘doesn’t think the new tax law is good policy,’ but thinks she should pay the tax code anyway