Steve Bannon: Biden Must Release Tax Returns to Address China Worries

In his 2018 book, Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends Peter Schweizer revealed how the Biden family secured a billion-dollar China deal just days after former Vice President Joe Biden visited China in 2013.

The Clintons aren’t the only ones securing huge contracts with foreign governments off their political status!

Joe Biden and his son Hunter Biden – photo: AP via Breitbart

Breitbart reported:

The Biden bombshell is one of many revealed in a new investigative book Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends by Government Accountability Institute President and Breitbart News Senior Editor-at-Large Peter Schweizer. Schweizer’s last book, Clinton Cash, sparked an FBI investigation into the Clinton Foundation.

According to an exclusive New York Post excerpt from the book, the Biden billion-dollar China deal occurred as follows. In 2013, Hunter Biden was managing partner in the private equity firm Rosemont Seneca Partners. The Chinese funds were managed by Rosemont Seneca Bohai,  which did not involve Chris Heinz.

In December of that year, Vice President Biden and his son Hunter flew aboard Air Force Two to China. Ten days after the trip, a subsidiary of the Bank of China named Bohai Capital signed an exclusive deal with Hunter Biden and Chris Heinz’s Rosemont to form a $1 billion joint-investment fund called Bohai Harvest RST. The deal was later increased to $1.5 billion.

“The Chinese government was literally funding a business that they co-owned along with the sons of two of America’s most powerful decision makers,” writes Schweizer in Secret Empires.

The Biden bombshell is just one of many to be revealed in the book Secret Empires which goes on sale March 20th.

John Kerry’s stepson Chris Heinz joined forces with Hunter Biden and Devon Archer a longtime Heinz and Kerry family friend, reports the New York Post.

The three friends established a series of related LLCs. The trunk of the tree was Rosemont Capital, the alternative investment fund of the Heinz Family Office. Rosemont Farm is the name of the Heinz family’s 90-acre estate outside Fox Chapel, Pennsylvania.

The small fund grew quickly. According to an email revealed as part of a Securities and Exchange Commission investigation, Rosemont described themselves as “a $2.4 billion private equity firm co-owned by Hunter Biden and Chris Heinz,” with Devon Archer as “Managing Partner.”

The partners attached several branches to the Rosemont Capital trunk, including Rosemont Seneca Partners, LLC, Rosemont Seneca Technology Partners, and Rosemont Realty.

And just like that, over the course of seven years as Biden served as Vice President and John Kerry served as Secretary of State and negotiated high-stakes deals with foreign governments, Rosemont entities magically secured a series of exclusive deals with those SAME FOREIGN GOVERNMENTS.

On Sunday former Trump strategist Steve Bannon called on Joe Biden to release his tax returns to prove he is not compromised by the Communist Chinese government.

The New York Post reported:

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 fund Bannon was referring to was Rosemont Capital, an international private equity firm started by Biden’s son Hunter and Chris Heinz, the stepson of former Secretary of State John Kerry.

Rosemont struck a deal with the state-owned Bank of China in 2013, 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.”

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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