Republican Representative Dan Muser has asked the Internal Revenue Service to investigate the $240,000 in loan repayments that President Biden received from his brother, alleging that the committee investigating financial transactions related to foreign business relationships is being obstructed by the White House. requested to do so.
“The lack of a formal written contract or promissory note raises questions about the legality and transparency of these loans,” Meuser (Pennsylvania) wrote. Letter of January 17th To IRS Commissioner Daniel Werfel.
“Of particular interest is whether President Biden collected interest on these loan repayments, and if so, whether this interest was formally reported on his tax returns,” he added.
“If the payments were not loan repayments or gifts, then they were in fact ordinary income received by Joe Biden, Jill Biden, or entities associated with them.”
Muser, who served as Pennsylvania's revenue commissioner from 2011 to 2015, called for a “thorough investigation” and “detailed answers” from the IRS about the payments, saying they were “not just about tax compliance issues, but about public trust.” It's also a matter of protection.” In the integrity of our government agencies. ”
He told the Post that the IRS investigation should be able to “determine the legitimacy of the loans that Joe Biden allegedly gave to families and is now repaying.”
“If the IRS cannot confirm the existence of the loan, the recipient of the payment, Joe Biden, is intentionally misrepresenting the purpose of the payment, in violation of state and federal tax law. There will be,” he said.
“This record falsification would only be done to hide payments made indirectly to Joe Biden from foreign organizations, including a $40,000 payment from a Chinese Communist Party-affiliated company. If he had avoided tax laws in any way, he would have gone to prison.”
Mueser told Werfel he expected answers to questions about the loan by February 16.
The loans were revealed in bank records obtained by the House Oversight Committee as part of an impeachment inquiry into the president and his son and brother's lucrative foreign dealings.
On September 3, 2017, a $40,000 check from his eldest son James Biden and his wife Sarah Biden was deposited into Biden's bank account, but Oversight Committee Chairman James Comer (R-Ky.) claimed that this was “laundered” funds from agreements made with the Chinese government. Linked Energy Companies.
According to a surveillance memo released in November, CEFC China Energy paid Hunter Biden and James Biden $6.1 million in 2017 and 2018 as part of a “complex financial transaction.”
Approximately $5 million of this money was sent 10 days after Hunter sent a threatening letter to CEFC officials on July 30, 2017, in which he allegedly “sat” with his father. “I want to know why the promise was not fulfilled,'' he said. I was satisfied. ”
E-mails found on the eldest son's discarded laptop also show that a “big man” was promised a 10% stake in the transaction. Other communications and testimony from Biden's family and associates have given him the same title.
On March 1, 2018, another check for $200,000 landed in the former vice president's bank account. The same day, his brother James received a payment from a now-defunct US hospital chain, promising to help find investors in the Middle East.
Amecore Health, a former rural hospital chain, also deposited $400,000 into James Biden's account on January 12 of that year, bringing the total to $600,000.
The payment was “based on representations that his last name 'Biden' could 'open doors' and attract significant investment from the Middle East based on his political connections.” . July 2022 Bankruptcy Court filing is shown.
After “examining various financial records,” Muser said, the House Oversight Committee “found no evidence that such loans existed.”
“In November, Chairman Comer sent a letter to White House Counsel Edward Siskel asking about the March 2018 loan repayment documentation,” he told Werfel.
“This letter highlights the lack of evidence to support the White House's claim that the $200,000 check was repayment of a loan from Joe Biden to his brother.”
White House Counsel Ian Sams denied allegations of illegality in the loan, saying:lies and conspiracy theories”
“After reviewing thousands of pages of private bank records, they again found no evidence of any wrongdoing by President Biden, and that's because there was none,” Sams said after the initial payments were revealed. said in a statement last October.
“This entire exercise has become a self-debunking bastard chase that only reveals evidence that President Biden has done nothing wrong.”
Sams did not immediately respond to a request for comment.
Mr. Hunter, who pleaded not guilty to federal tax fraud charges earlier this month, is scheduled to be removed from office by Mr. Comer's committee on February 28 over his overseas dealings.
James and Sarah Biden have yet to schedule an interview with the committee after being subpoenaed in November.
