President Joe Biden stated on Sunday that wealthy people and corporations are finally paying “their fair share,” despite the fact that he and his family are being investigated by House Republicans for laundering money, wire fraud, and tax evasion, and his son is under federal investigation for tax crimes.
“Look, I’m a capitalist. However, the wealthiest and largest firms must pay their fair share,” Biden said on Twitter.
Biden then signed the 2022 Inflation Reduction Act, which establishes a 15% minimum corporation tax rate. The legislation also includes funds for 87,000 more IRS agents.
“Thankfully, due to the measure I signed, billion-dollar corporations must now pay a minimum of 15% in taxes,” Biden remarked.
Biden’s remarks comes as the Biden family is being investigated by House Republicans for nine alleged offenses, including money laundering, wire fraud, and tax evasion.
Hunter is also being investigated by the Justice Department for tax and firearms offences. The investigation, which has been continuing for years and has been the subject of months of dispute among Justice Department officials, also focuses on the Biden family’s international business activities when Joe Biden was vice president.
“I want make myself clear: this is an investigation into Joe Biden,” declared House Oversight Committee Chair Rep. James Comer (R-KY) in November. “The Biden family’s financial connections involve a wide range of crime, from human trafficking to alleged constitutional offenses.”
“During the 218th Congress, our committee will assess Joe Biden’s connection with his family’s foreign partners, as well as whether he is a president who is compromised or influenced by foreign cash or pressure,” he stated.
Hunter and the US Treasury are using stonewalling techniques to undermine Comer’s investigations. Hunter declined to submit key records to the committee on Thursday, alleging a lack of “legitimate legislative and oversight basis.” Comer replied with hints of forcing testimony through subpoena.
The Treasury Department rebuffed the committee’s request in January to reveal 150 suspicious reports identified by US banks about Biden family business activities, prompting the committee’s chairman to threaten a subpoena.
“It’s no surprise that Hunter Biden is attempting to obstruct Congress’ scrutiny and conceal facts concerning Joe Biden’s involvement in his family’s suspicious business operations,” Jessica Collins, the committee’s communications director, said.
“The American people want openness and accountability, not political cover-ups,” she said. “The Oversight Committee will continue its oversight and use all available tools to acquire crucial evidence for our investigation and to influence legislative solutions.”