In a move that intensifies the impeachment inquiry into President Joe Biden, House Republicans are pointing to subpoenaed financial records. These records allegedly indicate that Biden received monthly payments from a business account belonging to his son, Hunter Biden. The payments, each amounting to $1,380, were made thrice in the period following Biden's vice presidency and preceding his 2020 presidential campaign. The GOP leaders argue that these payments are demonstrative of Joe Biden's financial benefit from his family's foreign business dealings, particularly those linked with Chinese state companies.
Dissecting the Subpoenaed Financial Records
James Comer (R-Ky.), the Chairman of the House Committee on Oversight and Accountability, released the subpoenaed bank records. These documents reveal direct monthly payments from Hunter Biden’s business entity, Owasco PC, to Joe Biden. The Department of Justice currently has Hunter Biden under investigation for allegedly employing the Owasco PC corporate account for tax evasion and other serious crimes. The House Oversight Committee has identified over 20 shell companies and unveiled how the Bidens and their associates amassed over $24 million between 2015 and 2019. They allegedly achieved this by marketing Joe Biden as “the brand.” The financial records obtained display payments made to Hunter Biden’s business account, Owasco PC, by Chinese-state linked companies and other foreign nationals and entities.
The Defense of Hunter Biden’s Attorney
On the other side of the argument, Hunter Biden's attorney, Abbe Lowell, retorts to the House GOP's claims. He states that the monthly $1,380 transfers were repayments made to Joe Biden for a truck payment that Hunter Biden was incapable of financing himself during a period of financial struggle. Republicans, however, suggest that these transactions are part of a broader pattern of the Biden family using accounts, funded by foreign entities, to transfer money to Joe Biden.
The Path Forward for the Impeachment Inquiry
As the Oversight Committee, chaired by James Comer (R-Ky), prepares for a formal impeachment inquiry vote, Hunter Biden's legal counsel and the committee find themselves in a dispute over a subpoena for a closed-door deposition. The White House, thus far, has refrained from commenting on the release of these financial records.