House committee receives Donald Trump's federal tax returns from IRS
Last edited Wed Nov 30, 2022, 05:38 PM - Edit history (1)
Source: CNN Politics
CNN — The House Ways and Means Committee now has six years of Donald Trump’s federal tax returns, ending a yearslong pursuit by Democrats to dig into one of the former president’s most closely guarded personal details, the Treasury Department confirmed. Treasury has complied with last week’s court decision,” a Treasury spokesperson told CNN on Wednesday. The Supreme Court declined last week to intervene after courts said the House had power to request the returns from the IRS.
The committee, led by Democratic Rep. Richard Neal of Massachusetts, had sought six years of Trump’s tax records, primarily from the time he served as president. That included records about both Trump personally and several of his corporate entities. The documents are not expected to be immediately released to the public. Neal said Wednesday that Democrats would meet as a caucus to discuss how to handle the tax returns and get legal advice on how to proceed.
Such a meeting, though, hasn’t been scheduled yet, he said. The congressman declined to say if they would release any of the returns publicly. “The next step is to have a meeting of the Democratic caucus,” he said. Trump’s legal team had continuously sought to keep his returns secret, and turned to the Supreme Court – composed of three of his nominees – after he lost at the lower court level. “No Congress has ever wielded its legislative powers to demand a President’s tax returns,” Trump argued to the Supreme Court, as he warned of the “far-reaching implications” implications of the DC Circuit’s ruling.
He had argued that that the way lower courts approached the House request ran afoul of the Supreme Court’s ruling in the Mazars case, concerning a subpoena that the House issued Trump’s accounting firm for his tax information. Trump’s taxes have been largely a mystery since he first ran for office. During his 2016 campaign, the Trump broke with presidential election norms and refused to produce his tax returns for public review, and they remained private after he took office.
Read more: https://www.cnn.com/2022/11/30/politics/house-ways-and-means-committee-now-has-donald-trumps-federal-tax-returns/index.html
Article updated.
Original article -
The Treasury Department has complied with last week’s court order to hand over the documents, a spokesperson from the Treasury Department confirmed to CNN on Wednesday.
The Supreme Court declined last week to intervene after courts said the House had power to request the returns from the IRS.
The committee, led by Democrat Richard Neal, had sought six years of Trump’s tax records, primarily from the time he served as president. That included records about both Trump personally and several of his corporate entities. The documents are not expected to be immediately released to the public.
This story is breaking and will be updated.
= new reply since forum marked as read
The main reason for this is to gather info in order to draft legislation to fix what are obviously problems with the tax codes and audit process, let alone with transparency of the finances of the holder of the highest officials in the land. They had been attempting to get legislation passed to require Presidents to submit their tax returns for example -
H.R.347 - Presidential Tax Transparency Act
To amend the Internal Revenue Code of 1986 to require the disclosure of tax returns of Presidents and Vice Presidents and certain candidates for President and Vice President, and for other purposes.
(snip)
