Following the discovery of a $200,00 payment to Joe Biden from his brother James through a sketchy loan payment, Committee Chairman James Comer (R-KY) has pressed the White House, demanding they provide documents verifying the legitimacy of the loan.
Comer emphasized that regardless of the results, it is clear Biden was benefitting from his brother’s “cashing in on the Biden name.”
“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’s message read. (Trending: Chilling Update On Biden Bribery Scheme)
🚨 BREAKING 🚨@RepJamesComer calls on President Biden to prove that the $200,000 he received from his brother was a loan and that all applicable IRS filings were properly made.
Whether or not the $200,000 check to Joe Biden was a loan repayment, he benefited from his family… pic.twitter.com/xHSep0O0su
— Oversight Committee (@GOPoversight) October 26, 2023
White House spokesman Ian Sams took to social media in response, saying, “Jamie Comer is pretty desperate to try to distract from Republicans’ speaker mess.”
“It’s a loan repayment from when President Biden loaned his brother money. When he was out of office in 2018, no less. It’s right there on the check!”
Comer added, “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.” (Trending: Biden Completely Botches Iconic American Quote)
“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.”
Jamie Comer is pretty desperate to try to distract from Republicans’ speaker mess.
It’s a loan repayment from when President Biden loaned his brother money. When he was out of office in 2018, no less. It’s right there on the check!
Matt Gaetz was right:
More “Failure Theater!” pic.twitter.com/Do0DopiX8r
— Ian Sams (@IanSams46) October 20, 2023
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