Democrats request President Trump's tax records

Democrats request President Trump's tax records

Democrats request President Trump's tax records

President Trump has called them his "red line". But some Democrats and independent analysts pressed for them to include business returns to better gauge the president's activity in the private sector.

Democrats upped the pressure on US President Donald Trump on Wednesday, after officially requesting his tax returns from the Internal Revenue Service (IRS), the country's tax authority. Instead, the president (almost surely) lies and says he is perpetually under audit and therefore can not release his tax returns (being under audit does not preclude you from doing this).

Democrats should "focus on legislation", Trump tweeted.

The U.S. and Mexico trade about $1.7 billion in goods daily, according to the U.S. Chamber of Commerce, which had said closing the border would be "an unmitigated economic debacle" that would threaten 5 million American jobs.

When asked by reporters on Wednesday whether he planned to release the returns, Trump again declined and said they remained under audit.

"We didn't ask you", Ocasio-Cortez said.

Mr Neal wrote that the committee needed Mr Trump's tax returns to consider legislation related to the IRS's practice of auditing sitting presidents.

Trump was dismissive of the request but continued to make the audit argument in comments to reporters during a meeting with USA military leaders on Wednesday.

Earlier, Trump said he would give Mexico "a one-year warning" to stop drug trafficking, or face tariffs. Millions of viewers tuned in to find out what was in those two pages, breaking her show's all-time ratings record.


Neal's letter was addressed to Rettig, a Trump appointee.

Neal told reporters on Thursday that he took roughly three months to build the case for requesting the returns, which he argued was reasonable given the gravity of the request.

The information could rekindle the inquiry into the president's ties to Russian Federation, despite Barr saying Mueller found there was not enough evidence to prosecute a criminal conspiracy between the Trump campaign and Russian Federation.

But Woodall said he hoped the push for the president's tax return will subside.

Although Trump has never released his returns, the New York Times past year cited a "vast trove" of returns and financial records saying it showed he engaged in tax schemes including cases of fraud in which he and his siblings helped their parents dodge millions of dollars in taxes. The Ways and Means chairman's request was expected but nonetheless represented a significant escalation in House Democrats' wide-ranging probes of Trump and his administration. "Do the tax returns substantiate that, shed light on that, or in fact contradict that? It's wrong. Do we really want to have a body that goes after people's IRS reports simply because you politically disagree with them?"

But in order to launch the offensive, Democrats first will have to get their hands on the documents. "Congress has an oversight responsibility to see that that is happening, if it has happened and how it has happened, and that's the policy aspect of this".

The legal battle set to ensue could take years to resolve, possibly stretching beyond the 2020 presidential election. The specific provision being invoked here does allow the chairman of Ways and Means, the Senate Finance Committee or the Joint Committee on Taxation to request individual returns as part of an investigation. "This is to find out whether the tax law means anything".

Financial disclosure has become an issue in the Democratic primary, with several Democrats already releasing their tax returns, including Senator Elizabeth Warren of MA. "If we were to receive the documents, an individual taxpayer's information is confidentially protected". "If the president insists that he is above the law and directs that the unequivocal mandate be ignored, we should move forward immediately with legal action". None of those measures have become law.

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