Posts Tagged ‘House Ways and Means Committee’

House Ways and Means Wants To See Trump’s Taxes

April 4, 2019

Congress Wants To See Trump's Taxes

Congressman Richard E. Neal (D, MA-1), Chairman of the House Ways and Means Committee, has asked the IRS for six years of President Trump’s personal and business tax returns, under authority of legislation passed in 1924 to deal with the Teapot Dome Scandal. The president said he was “not inclined” to comply. That’s not surprising; the Teapot Dome Scandal sent the Interior Secretary to jail.

For four decades, presidential candidates have been in the habit of making their tax returns public in pursuit of transparency. Candidate Trump promised to do so, over and over, then failed to deliver on this campaign promise after the election. The President claims his taxes are being audited, but that’s not a valid reason to refuse compliance.

What is Donald Trump hiding? Perhaps:

— He hasn’t paid any taxes, as his previous state tax releases indicate

— He’s not as rich as he claims

— He hasn’t given as much to charity as he claims

— His business activities are somehow irregular and illegal

— He has had previously undisclosed foreign business dealings, perhaps with Russia

Those last two points would certainly be of interest to Congress.

Timothy O’Brien, author of TrumpNation, got to peek at Trump’s taxes after Mr. Trump sued him for libel for writing that Trumpdid some shady dealing and isn’t as rich as he claims. Mr. O’Brien can’t talk about what he learned from the Trump papers for legal reasons. Suffice it to say that Donald Trump lost that lawsuit.

More:

“I’ve Seen Trump’s Tax Returns and You Still Haven’t,” Timothy L. O’Brien, Bloomberg

Updates:

“Trump on House getting his tax returns: ‘They’ll speak to my lawyers,’” Rebecca Morin and Anita Kumar, Politico

“White House maneuvers to block release of Trump’s tax returns,”  Erica Werner, Damian Paletta and Jeff Stein, Washington Post

“Trump lawyer calls on Treasury to reject Democrats’ demand for tax returns until Justice Department weighs in,” Jeff Stein and Josh Dawsey, Washington Post

“Mulvaney says Democrats will ‘never’ see Trump’s tax returns,” Colby Itkowitz, Washington Post

Related:

“Trump’s handpicked IRS chief and IRS legal counsel both have ties to Trump businesses,” Peter Weber, The Week

“Trump Asked That Confirmation of I.R.S. Counsel Be a Priority,” Maggie Haberman and Nicholas Fandos, New York Times

“Democrats seeking Trump’s financial documents from his bank,” Rachael Bade, Colby Itkowitz, Washington Post

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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