Just days before the US House of Representatives flips to Republican control, House Dems have released former President Donald Trump’s tax returns from 2015-2020, which he has gone to painstaking lengths in recent years to keep from going public. While details remain scarce as reporters wade through thousands of pages of documents, reports recently released by the US House Ways and Means Committee showed that Trump was not audited by the Internal Revenue Service in 2016. He had claimed the audit was why he was forced to buck the trend of presidents releasing their tax returns. That report also showed that in 2016 and 2017 the former president paid just $750 in federal income tax, declaring losses topping more than $12 million. It also revealed that he paid a total of $1.1 million in federal income tax in the first three years of his presidency but zilch in 2020. After examining these findings, the non-partisan Joint Committee on Taxation recently urged the IRS to look into whether money the former president loaned to his children – which he claimed were gifts – should have been taxable. Looking ahead, tax analysts will be focusing on whether any of Trump’s tax policies from his time in office aimed to benefit his own financial arrangements.
More from GZERO Media
On Ian Bremmer’s World In 60 Seconds: Ian breaks down the assassination attempt on Colombia's presidential candidate, the US-China trade talks, and Canada plans to hit NATO's 2% defense target seven years early.
President Trump and Elon Musk’s explosive fight marks the end of the White House bromance between the world’s most powerful man and the world’s richest. Ian Bremmer and Semafor's Ben Smith break down the fallout and consequences of such a public feud.
Open Call is the heart of Walmart’s $350 billion commitment to US manufacturing, supporting products made, grown or assembled in America. The pitch event represents a unique opportunity for selected entrepreneurs to meet face-to-face with Walmart merchants and earn a chance to get their products on store shelves nationwide. Last year, finalists from across the country represented 48 states, with entrepreneurs from over half these states receiving deals. It’s all a part of Walmart’s investment in American jobs and communities. Learn more about Walmart’s annual Open Call.
Five years ago, Microsoft set bold 2030 sustainability goals: to become carbon negative, water positive, and zero waste—all while protecting ecosystems. That commitment remains—but the world has changed, technology has evolved, and the urgency of the climate crisis has only grown. Earlier this month, they launched the 2025 Environmental Sustainability Report, offering a comprehensive look at the journey so far and how Microsoft plans to accelerate progress. You can read the report here.
Overnight, hundreds of US Marines began arriving in the city of Los Angeles, where protests, some of them violent, against the Trump Administration’s immigration enforcement have been ongoing since Saturday.
What We’re Watching: School shooting in Austria, Duterte impeachment update, Crapo shoots for the moon
Marija Habljak/PIXSELL/Sipa USA
A gunman killed at least nine people at a school in Graz, Austria, on Tuesday, in what appears to be the worst school shooting in the country’s post-war history.
China appears to be preparing for an invasion of Taiwan, but the island’s physical geography and international support would make any armed conflict the most complex and deadly in modern history. CSIS China Power Project director Bonny Lin joins Ian Bremmer on GZERO World.
In a controversial move, Donald Trump has authorized 2,000 National Guard troops to assist with federal deportation operations in Los Angeles without the consent of California Governor Gavin Newsom.