Staff Reports
The evidence against President Biden’s questionable $200,000 payment from his brother James continues to pile up, leaving the White House’s flimsy defense in ruins. House Oversight Committee Chairman James Comer, a Republican from Kentucky, has demanded that the President provide loan documents and IRS filings relating to the payment. Comer emphasized that even if it was a loan repayment, it still demonstrates the President benefiting from his family’s exploitation of the Biden name.
?? JUST IN: New Records Blow Hole In Biden's Defense Of $200K Bank Transferhttps://t.co/N3VyO97CyJ
— ????Josh Dunlap???? ULTRA-MAGA (@JDunlap1974) October 26, 2023
In response to the damning revelations, the White House spokesperson attempted to deflect attention away by accusing Chairman Comer of distracting from the Speaker’s race. How predictable! It seems the Biden administration would rather divert the public’s gaze than address the glaring corruption at hand. But sorry, Mr. Spokesperson, we won’t be fooled that easily.
? 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
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
Comer raises a valid point about the IRS requirements for reporting below-market loans. If this payment is indeed a loan, it appears to have conveniently escaped those requirements. There doesn’t seem to be any documentation supporting the claim that it was a repayment for a legitimate loan, which raises doubts about the transparency and legality of the transaction.
The records obtained by the Committee shed further light on James and Sara Biden’s personal account, revealing numerous large transactions from various entities. While it’s unclear who exactly paid these sums, there is no concrete evidence indicating that Joe Biden made a significant loan payment to his brother. This lack of clarity only adds suspicion to the already murky situation.
Let’s not forget that this controversy is not simply about a loan. As previously reported, James Biden received loans of $600,000 from Americore, a failing rural hospital operator, solely based on the Biden name’s influence. It is alarming that President Biden’s repayment was contingent upon his family’s shady financial dealings. The evidence not only exposes potential corruption but also highlights the problematic nature of the Biden family’s involvement in questionable business ventures.
The White House can try to spin this payment as a loan repayment all they want, but the evidence tells a different story. The American people deserve transparency and accountability from their leaders, especially when it involves the highest office in the land. It’s time for President Biden to come clean and address the mounting concerns surrounding his family’s financial dealings. The nation deserves answers, not deflections.
