(Jacob Bruns, Headline USA) President Joe Biden and his administration have thus far refused, despite constant and numerous questioning, to explain the $250,000 line of credit against the president’s Delaware beach house.
The president and his family secured the line of credit amidst revelations of Hunter Biden’s tax scandal, as well as revelations of Joe Biden’s illegal removal of classified documents from office after his tenure as vice president, Fox News reported.
The Bidens secured the loan against the home, which they bought for just under $3 million in 2017, on Dec. 5 of last year. But despite the odd timing and routine questioning, no details have been provided as to the purpose of the tax credit line.
Several days ago, a reporter asked White House press secretary Karine Jean Pierre about the tax credit line, but she refused to provide any details.
“Yeah, I saw reports on that,” she said. “I would just refer you to the White House Counsel’s Office.”
Fox News also contacted the White House, which acknowledged the request but provided no explanation.
Joe and Hunter, for whom this is not their first shady financial transaction, have the distinct honor of being the first father and son duo in presidential history to be simultaneously subject to federal investigation.
In fact, online records of President Joe Biden’s tax returns for the years 2016 to 2018—the time frame in which his son Hunter allegedly paid $50,000 per month in rent— mysteriously disappeared from a campaign website.
Hunter Biden has claimed on past tax returns that he spent $50,000 per month to remain at his father’s home in Wilmington, Delaware–the same place where investigators unearthed classified documents from Joe Biden’s time as vice president.