Berks County News

Congressman Dan Meuser (R-PA) has called for a comprehensive inquiry by the Internal Revenue Service (IRS) into the compliance of "loan repayments" made to President Joe Biden. The demand for investigation comes after the House Oversight Committee's examination of the Biden family's business dealings revealed $240,000 in loan repayments made to the President.

In a letter addressed to IRS Commissioner Daniel Werfel, Congressman Meuser expressed serious concerns about several financial transactions involving President Biden, his brother James Biden, and other family members. The transactions in question include a $200,000 check from James Biden and a $40,000 check from Sara Biden to Joe Biden, both of which were classified as loan repayments. However, these payments lack sufficient documentation and raise questions about their compliance with tax laws.

The IRS has specific requirements for loans between family members, which include a signed written agreement, a fixed repayment schedule, and a minimum interest rate charged. Yet, the White House has failed to produce any documentation showing that the loans were actually made, or any evidence that President Biden paid income tax on the interest he would be required to charge on such loan repayments from his brother and sister-in-law.

Congressman Meuser remarked, "If the IRS does not have documentation for the supposed loans Joe Biden made to his brother and sister-in-law, only two things can be true. Either Joe Biden never made the loans at all, or he failed to follow the legally mandated IRS protocols when making the loans. If he never made the loans, this is clear evidence he received kickbacks from his family who made millions perpetrating an influence-peddling scheme."

Furthermore, Meuser, who previously served as the Revenue Secretary of Pennsylvania, stated, "Classifying large payments as 'loan repayment' is one of the oldest tricks in the book to avoid paying the gift tax or income tax. On the off-chance these weren't kickbacks, and Joe Biden had, in fact, made the loans, then he failed to follow IRS procedures and never paid income tax on the interest. In either case, it is very likely President Biden and his family members committed tax fraud and tax evasion, which is why I have demanded a thorough investigation from the IRS. No one, especially elected officials who enact tax policy, are above our nation's tax laws."

The letter from Congressman Meuser to the IRS Commissioner can be found here.

This call for an IRS inquiry into the compliance of loan repayments made to President Joe Biden adds to the ongoing scrutiny surrounding the financial dealings of the Biden family. The investigation aims to determine whether the loans were genuinely made and whether the necessary tax obligations were fulfilled. The outcome of this inquiry has the potential to shed light on possible tax fraud and tax evasion, highlighting the importance of holding elected officials accountable to the nation's tax laws.