Posted by: maboulette | April 9, 2019

Treasury Will ‘Follow The Law’ With Trump Tax Returns


mnuchin

Treasury Secretary Steven Mnuchin says it’s his department’s “intent to follow the law” in responding to the request by House Democrats to release President Trump’s tax returns.

BUDGET HEARING

During a budget hearing on Capitol Hill, Mnuchin was asked by Rep. Mike Quigley (D-Illinois) if he would be involved in the decision on whether to release the returns in light of a request by the House Ways and Means Committee. Quigley cited a “longstanding (IRS) delegation order that the secretary does not get involved in taxpayer specific manners.”

NOT SURPRISE

Mnuchin said he was “not surprised” by the question and said it was “better we get this out.”  “I want to acknowledge we did receive the request and as I’ve said in the past when we received the request, it would be reviewed by our legal department, and it is our intent to follow the law. And that is in the process of being reviewed,” Mnuchin stated. 

LAST WEEK

Last week, House Ways and Means Chairman Richard Neal sent a formal request to the IRS for six years of Mr. Trump’s tax returns, arguing the committee “has a responsibility to conduct oversight of our voluntary Federal tax system and determine how Americans — including those elected to our highest office — are complying with those laws.”

UNDER AUDIT

The president responded by saying he’s under audit — which he has consistently said when asked — and “would not be inclined” to release his returns until the audit is completed. Individuals under audit are free to release their tax returns.

REVIEWING REQUEST

Asked if he would personally be reviewing the request, Mnuchin testified that it would be “premature” to reveal just what the legal team would be reviewing or not reviewing. He later told the committee that he had not spoken to White House Chief of Staff Mick Mulvaney or the president about the decision to review the Democrats’ request, despite Mulvaney vowing on “Fox News Sunday” that Democrats would “never” obtain Mr. Trump’s tax returns. 


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Categories

%d bloggers like this: