Former Wisconsin representative and Fox Business host Sean Duffy highlighted Friday a small detail in the Hunter Biden case that could complicate things for the president’s son.
Hunter agreed to sit for a closed-door deposition before Congress on Feb. 28 after initially defying their request.
Hunter’s friend and financial benefactor Kevin Morris told Congress on Thursday he loaned Hunter the money to “help my friend and client.” Morris admitted he loaned Hunter at least $5 million, according to a press release from House Oversight Committee Chairman James Comer. The loans do not need to be repaid until after the presidential election and may ultimately be forgiven, Comer said.
Speaking on The Faulkner Focus, Duffy said the “loans” were really “gifts” disguised as loans to help Hunter avoid taxes, complicating the situation.
“So he admitted a $5 million in loans. It could be up to $7 million. Hunter Biden doesn’t have a job. Hunter Biden doesn’t have income. And this is the game that the Biden’s play. They’ll call it a loan when really it is a gift. And if you get a gift from someone to the tune of $5 or $7 million you have to pay taxes on that. If it’s a loan, you don’t have to pay taxes on it, which is why they call it the loan,” Duffy explained.