WASHINGTON – President Trump’s former chief strategist Steve Bannon said Sunday that former Vice President Joe Biden must release his tax returns to prove that he’s not benefiting economically from China.
“We have to see Joe Biden’s tax returns because we have to see if Joe Biden was a financial consultant to [the fund] or an adviser. Biden has got to answer some basic questions: if he’s been compromised by the Chinese Communist Party? What was his involvement during the Obama administration?” Bannon told John Catsimatidis on 970 AM in New York.
The New York Post Reports:
The fund Bannon was referring to was Bohai Harvest RST, which was started by Biden’s son Hunter. Hunter Biden struck a deal with the state-owned Bank of China in 2013 to create the fund, which coincided with a trip Hunter Biden took to the country with his father, then the vice president.
“The Bank of China is the Chinese Communist Party’s piggy bank,” Bannon stated.
The timing and ability for such a small firm to win the business has raised eyebrows since.
“Biden has got to be the worst,” Bannon said Sunday. “He’s got this private equity fund his son runs. I believe most of the net worth of his family is tied up in that.”
Bannon pointed to a remark Biden made in early May, just days into his 2020 bid, in which the ex-veep downplayed any threat posed by China.
“China is going to eat our lunch? Come on, man,” Biden said, pointing to some of China’s problems, including corruption. “I mean, you know, they’re not bad folks, folks. But guess what, they’re not, they’re not competition for us.”
“Biden has got a lot to answer for,” Bannon went on. “And he continues to kind of laugh it off.
He continues to say, ‘Hey, [China is] not really a strategic competitor to us.’ Even people on the Democratic left, even Bernie Sanders, Nancy Pelosi, everybody says they’re a totalitarian, mercantilist, surveillance state.”
Bannon also noted that China will be an important issue in the 2020 campaign because “the centerpiece of President Trump’s economic program” is bringing American jobs back from China.
When Biden was running for vice president in 2008 he released a decade’s worth of tax returns and subsequently released his taxes for every year he served in office. He has yet to publicly release his returns from his years outside of government.
From The New York Post