There are red flags aplenty: Loan repayments between Joe Biden and his brother; Millions in promissory notes between Hunter Biden and a Democrat-donating Hollywood lawyer; and debt deals from Ukraine to China.
"All right. So essentially for 2014, we had found that Hunter didn't report any of the money he earned from Burisma. So the reason why this is important is because Hunter set it up this way, to not - to essentially earn the money through his friend's corporation and then have his friend pay him back half of the money as loans, quote, unquote, loans." Last month, Comer's team unveiled bombshell new evidence showing presidential brother James Biden used proceeds from a business deal involving a Chinese company and another from a financially troubled rural health care company to pay $240,000 to Joe Biden in 2017.
Comer told the Just the News, No Noise television show Friday night that his team has now tracked more than $10 million in loans involving Joe Biden, Hunter Biden and James Biden and their business, a massive sum for a president who has been fond of portraying himself politically as "Middle Class Joe." "We want to know more about these loans," Comer told Just the News.
"If my math is right, from what we've discovered in Hunter Biden's bank records that we've obtained, and Jim Biden's bank records we've obtained, plus your information that you uncovered today, that puts it somewhere around $10 million in loans to the Biden family." Comer said his investigators are focused on whether tax laws were followed, whether any of the loans were created to hide sources of income as the IRS whistleblower agents alleged and whether any of the transactions were in reality gifts and income disguised as debts.
Remarkably, the earliest evidence that the Biden family was moving around money as loans or IOUs actually dates to 2010 when longtime business associate Eric Schwerin wrote to Hunter Biden that then-Vice President Joe Biden planned to sign over his Delaware tax refund to the future first son because he owed him money.
Pdf As House Republicans try to build public support for impeaching Joe Biden, the tangle of loans has become increasingly important evidence in showing how the Bidens conducted their business, what their motives were and whether they cheated Americans out of tax dollars even as President Biden continues to make "Tax fairness" and cracking down on tax cheaters a centerpiece of his policies heading into his 2024 re-election bid.
Biden referred to the issue in his State of the Union address this year, promising to make "The wealthiest and biggest corporations begin to pay their fair share." Rep. Michael Turner, R-Ohio, the House Intelligence Committee Chairman, engaged in one particularly poignant exchange with IRS agent and whistleblower Gary Shapley during the summer that zeroed in on the possible tax issues, at least as they related to Hunter Biden and still allegedly unpaid taxes he owed for money he earned from Burisma.
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