Rep. James Comer, R-Ky., has called on President Joe Biden to provide information about a $200,000 check he received from his brother James Biden, which was labeled on the check as a loan repayment.
Comer, chair of the House Committee on Oversight and Accountability, has been leading the investigation into alleged corrupt business dealings involving the president and his family.
In a letter Thursday to White House Counsel Edward Siskel, Comer requested loan documents and receipts that all applicable IRS filings were properly made.
“If Joe Biden did personally loan James Biden an amount that was later repaid by the $200,000 check, please provide the loan documents, including the loan payment, loan agreement, and any other supporting loan documentation,” Comer wrote. “As you may know, the Internal Revenue Code has specific requirements for delineating and reporting ‘below-market [rate] loans’ from gifts.
“While there are some exceptions, for example loans of $10,000 or less, the payment in question would not appear exempt from such requirements if it is a loan. Indeed, there appears to have been no interest paid on the ‘loan’ based upon the White House’s own representations. The current lack of documentation leaves reason to doubt claims that this transaction was repayment for a legal loan.”
Been Destroyed by now no doubt !! DUGH