Trump Retreats on Threat to Immediately Close US-Mexico Border

Trump Retreats on Threat to Immediately Close US-Mexico Border

The House Ways and Means Committee asked the IRS Wednesday for six years of President Trump's personal and business tax returns, a request the president has already said he will fight.

Trump said he could not provide his tax returns because they were being audited by the Internal Revenue Service. The committee is also requesting tax returns from eight of the president's business entities.

"They'll speak to my lawyers, they'll speak to the attorney general", Trump told reporters during an unrelated press event in the Oval Office. For Democrats, the tax returns hold the promise of breathing new life into a series of ongoing investigations.

The committee also authorized Cummings to issue a subpoena for White House Personnel Security Director Carl Kline to testify regarding the committee's probe into the White House security clearance process. "I think the question is whether they'll follow the law". Democrats are investigating whether Trump inflated the value of his assets in order to secure loans in the early 2010s, including an effort to purchase the NFL's Buffalo Bills.

Trump was the first major presidential party nominee since 1976 not to publicly release his tax returns, and the secrecy has given them an nearly mythic quality among Democrats.

Neal said his request was "in no way based on emotion of the moment or partisanship" and based his request on his committee's oversight jurisdiction of the IRS, specifically its alleged audits of Trump and the extent to which the agency has enforced the tax laws against the president.

As the IRS is part of the Treasury Department, it is unclear whether Treasury Secretary Steven Mnuchin will release the tax documents to the House panel.

"This has nothing to do with the Mueller report", Kildee said. The only logical reason why Trump is hiding his returns is because they either prove he is not as rich as he claims to be and/or they expose him to criminal liability.

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Democratic Rep. Alexandria Ocasio-Cortez mocked President Donald Trump on Twitter on Wednesday after he again claimed that an audit meant he wouldn't release his tax returns.

Mr. Neal said he won't instruct his fellow Ways and Means members to reveal their own taxes, saying that's their decision.

"We're under audit, despite what people said", Trump said.

Neal said he asked for six years of returns because that is the length of time the IRS recommends taxpayers keep their returns.

Although not required by law, every major party presidential nominee since the 1970s has chosen to publicly release his or her tax returns except for Gerald Ford, who only released a summary.

Across the aisle, House Speaker Nancy Pelosi contended that "the law is very clear" that the president's returns are subject to congressional review, reading the text of the law from US code to reporters at her news conference.

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

House Ways and Means Committee Chairman Richard Neal, D-Mass., arrives for a Democratic Caucus meeting at the Capitol in Washington, on April 2, 2019. "Presidents have never been forced to release it, they volunteered to release those tax returns".

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