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Outcome of Clarence Thomas's public explanation about the loan by end of 2024
4
Resolution / Starting Odds
Loan fully repaid • 33%
Loan partially forgiven • 33%
Loan completely forgiven • 34%
Public records or official statements from Clarence Thomas or his representatives
Story
Senate Democrats Demand Answers on Clarence Thomas's $260,000 RV Loan and Taxable Income
May 16, 2024, 05:51 PM
Senate Democrats, including Senators Ron Wyden and Sheldon Whitehouse, are demanding explanations from Supreme Court Justice Clarence Thomas regarding a $260,000 loan he received from a wealthy friend to purchase a luxury RV. The loan, which was given two decades ago, has raised concerns over potential violations of tax laws if it was forgiven but not reported as taxable income. Despite repeated inquiries, Thomas has not clarified whether he repaid the principal amount of the loan. The issue has sparked significant controversy, with critics arguing that Thomas's evasive responses suggest he believes he is above the law.
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Similar markets
Loan repaid • 33%
Loan forgiven • 33%
No resolution • 34%
No action • 33%
Ethics investigation • 33%
Formal reprimand or penalty • 33%
No consequences • 25%
Formal reprimand • 25%
Financial penalties • 25%
Forced resignation • 25%
Widespread condemnation • 25%
Mixed reactions • 25%
Broad support • 25%
No significant political response • 25%
No action • 33%
Formal reprimand • 33%
Recommendation for resignation or impeachment • 33%
No violations found • 33%
Minor violations found • 33%
Major violations found • 34%
No action taken • 33%
Reprimand issued • 33%
Forced resignation or impeachment • 33%