Thursday, 25 April, 2019


Mnuchin postpones decision on handing over Trump tax returns

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Bennie Garza | 14 April, 2019, 03:43

Donald Trump will have to release five years of tax returns if he wants appear on the IL 2020 presidential ballot, the state's senate has ruled.

Democratic state Rep. David Bowen, of Milwaukee, an early Sanders supporter in 2016, said he wants Sanders to show that he has a message that can compete with Trump.

Trump's treasury chief, who oversees the IRS, cited "complicated legal issues" and bemoaned "an arbitrary deadline" set by Congress, while saying he would answer in that time frame. However, Treasury Steve Mnuchin did not meet that deadline and Neal has now revised his deadline to April 23.

After breaking an initial deadline, US President Donald Trump now has until April 23 to hand over six years of his taxes to a government panel. "If you've got nothing to hide, you shouldn't worry about anything, That's how I see it", said state Sen.

He claimed that he can not release his tax returns because they are being audited, but the IRS has said this is no impediment to their release.

Neal said in his letter that the request is needed to further "legislative proposals and oversight related to our Federal tax laws, including but not limited to, the extent to which the IRS audits and enforces the Federal tax laws against a President".

Federal law gives the chairmen of House Ways and Means, Senate Finance Committee and the Joint Committee on Taxation the power to request the returns of any taxpayer, although some legal scholars believe the request needs a legitimate legislative objective, which Democrats say they have met.

"I'm sure we'll respond by that deadline, not going to make a commitment prematurely whether we'll be able to conclude a legal review by that deadline", Mnuchin said.

But the president's former personal lawyer, Michael Cohen, told a House panel in February that he does not believe Trump's taxes are under audit. By withholding his tax returns, Trump has not followed the standard followed by presidents since Richard Nixon started the practice in 1969.

The House Democrats' asked that the returns be turned over to the members of Congress.

Every US presidential candidate since 1976 has released their tax returns, but there is no law requiring it. Democrats claim the request is both legal and necessary. If Rettig fails to do so, Neal said he will interpret as denying the request, which could pave the way for a court battle.

Neal also wrote that concerns about the committee's access to the returns were "baseless".

Neal said Saturday that the administration has no right "to question or second guess" his motivations.

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