GOP Raising Alarm Over Joe Biden Getting $200K Loan Repayment

[wvit1001]

GOP Raising Alarm Over Joe Biden Getting $200K Loan Repayment


While House Oversight Committee Chairman James Comer, a Kentucky Republican, raised questions on Friday over President Joe Biden receiving a $20,000 loan repayment from his brother, the discovery has since spurred mockery online about the validity of the claim.

Comer, who is leading the Republican impeachment inquiry into Biden, released what he suggested was evidence proving Biden's corruption, sharing an image of a $200,000 check sent to the president by his brother James Biden and sister-in-law Sara in 2018. Labeled as a loan repayment, the check was issued on the same date in 2018 when Americore Health LLC wired $200,000 into James Biden's bank account.

Since Comer's remarks, many have taken to X to mock the congressman's claim, citing that the discovery of the check made out to Joe Biden was clearly indicated that the money was sent as a "loan repayment" and before he was president.

Ian Sams, the White House spokesman for oversight and investigations, in a post to X, wrote that Comer was "desperate" to distract from the ongoing inability of Republicans to select a House speaker, seemingly referring to GOP Representative Jim Jordan's failed attempts to obtain the 217 votes needed for the speakership.

"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!" Sams wrote.

"The Oversight Committee's description of the $200,000 check is highly selective and misleading," Fishman said. "The Committee has the bank documents that show both the loan Jim received from his brother in January 2018 and the repayment by check six weeks later. At no time did Jim involve his brother in any of his business relationships."




https://www.newsweek.com/comers-discovery-bidens-loan-repayment-spurs-mockery-1836706

[chuck_curtis]

Alarm, LOL.  It's no surprise to me, and it won't alarm his supporters, for sure.  They don't give a chit.  Just another Biden crime family transaction.  Joe can explain it, but he won't.

[Truman62]

Of course there are tax benefits for calling it a loan.

Remember, if Trump works the tax system, that makes him SMART!