House Chairman Asks IRS For Six Years Of Trump Taxes

House Democrats formally demand Trump's tax returns from IRS

With any luck, in a week we will have our answers as to why the President of the United States does not want us to see how he makes his money.

Now this week, Democrats have taken a momentous step toward obtaining Trump's personal and business tax returns, which they believe could turbocharge several House investigations into his past.

Mr. Kennedy added all presidents should turn in their tax returns, and he would consider doing the same. "Mexico understands that we're going to close the border, or I'm going to tariff the cars", he said. He previously claimed early last month, according to The Washington Times, that he would release his own returns "down the road", but his returns have yet to surface.

During his presidential campaign, Trump said he would release his tax returns once an IRS audit was completed, but he reneged on that promise and has never released them.

Kildee said it's premature to speculate whether the documents could shed any additional light on the president's potential financial entanglement with nefarious interests, but said there's "great public value that comes from the transparency of having the president's tax returns available".

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.

The request for Trump's tax returns has quickly become the latest political football for cable news debate. That strategy is just as unsurprising as House Democrats' strategy in triggering it. He went on to say the committee will have no issue fulfilling the House's request for information.

The request dampened the hopes of liberals in the party's grass roots that an impeachment saga could be looming.

"This has nothing to do with the Mueller report", Kildee said.

"I think he hates President Trump", the Louisiana Republican said on CNN's "New Day" show. "One of the benefits of asking for six years of returns is that we know that the IRS is in possession of six years of tax returns for any taxpayer in the country".

Department of Homeland Security officials referred questions to the White House, which did not respond to multiple requests for comment.

Auto parts and medical equipment makers were among the Mexican companies considering the more expensive air cargo to avoid incurring penalties for late delivery to USA clients or factory closures, Luis Aguirre, the president of Mexico's manufacturing industry chamber INDEX, said late on Wednesday.

Neal said the legal strategy was devised by House counsel and the Ways and Means Committee's tax staff. "And now he's completely oblique when it comes to his personal interests".

The IRS has said there are no rules preventing a person from sharing tax information while they are being audited. Treasury officials are not going to comply with the request until they are compelled to do so. "It is necessary for the Committee to determine the scope of any such examination and whether it includes a review of underlying business activities required to be reported on the individual income tax return".

Trump has long seen scrutiny of his complicated and hard to penetrate personal finances as a red line that should not be crossed.

House Democrats haven't stopped at Trump's business filings.

A 1924 law authorizes the chairman of the House Ways and Means Committee to request the tax returns of any citizen, although that provision has rarely been used.

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