Treasury official Jonathan Davidson, a Biden nominee who will testify about “suspicious” wire transfers by the Biden family and the Treasury’s steps to withhold those transfers, worked as the Biden-Harris Transition’s Economic Nominations Confirmation team lead in 2020, now faces questions about bias in his testimony because of those connections.
Davidson is scheduled to appear before House Oversight Chair James Comer (R-KY) on Friday to explain why the Treasury won’t share 150 suspicious activity reports (SARS) generated by U.S. banks about transactions by James and President Joe Biden.
The reports are needed as part of an investigation into the Biden family along with Eric Schwerin, since they often reveal criminal activity like money laundering or fraud.
Davidson reluctant to testify
Davidson has been reluctant to testify before Comer, refusing to do so until last Saturday when he finally relented.
Comer has been frustrated with the Treasury’s refusal to provide SARs documents to the committee when it has given them to a different congressional office.
“We are concerned the Treasury Department is acting in bad faith to produce these documents to the Oversight Committee when we know that it has already produced them to another congressional office,” Comer wrote Saturday. “At next week’s hearing, a Treasury Department official can explain to Congress and the American people why the department is hiding critical information.”
But will Davidson be honest about what’s going on, or will he continue to obfuscate in a partisan manner to protect the president?
Even before Davidson worked for Biden, he was a Democrat operative for 20 years and seems unlikely to choose honesty now.
Davidson made inflation worse
He counseled Sen. Mark Warner (D-VA) and was chief of staff in Sen. Michael Bennet’s (D-CO) office, where he was reportedly instrumental in passing the expanded child tax credit included in Biden’s $1.9 trillion coronavirus relief package that experts think greatly fueled inflation.
There was talk of wanting to make that credit permanent, giving families direct monthly payments of $300 per month per child toward the credit, which would be paid even to parents who were not working, at the time of Davidson’s nomination to the Treasury.
The credit has since expired. A report from the House Ways and Means Committee said that making it permanent would lead to $1.4 trillion in additional debt, losses in labor force participation, and a reduction in economic growth and investment, along with the continuation of higher inflation we are already experiencing.
Can Biden delay?
The House has been working hard to investigate people and situations that were ignored during the previous Democrat-run chamber.
It seems likely that Biden’s actions have not been above board with China and Ukraine, businessmen from both of which have given large payments to his family members for dubious reasons.
No doubt, Biden is hoping he can delay the discovery of his corruption until he’s re-elected and it’s too late to do anything about it. We’ll see how that works for him.