Trump continues to say he's under audit and can't release his taxes after House Democrats formally requested them. FactsFirst: No matter what Trump says, an audit would not prevent him and has not stopped past presidents from releasing their tax returns
On Wednesday, the Democratic chair of the House Ways and Means Committee used a nearly century-old law to make the request, which could trigger a protracted legal battle over the President's tax returns. Trump offered his first response at a White House event later that day:"Now, we're under audit, despite what people said. We're working that out. I'm always under audit, it seems.
Regardless of those risks, past presidents released their tax returns while in office. Presidents Barack Obama and George W. Bush both did during their tenure. During the campaign, Trump's attorney and fixer Michael Cohen told reporters that Trump was under audit and therefore could not allow the returns to be released."I personally will not allow him to release those tax returns until the audits are over," Cohen told CNN in August 2016.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House Democrats ask IRS for Trump's tax returnsBREAKING: House Democrats send their long-anticipated request to the Treasury Department for Pres. Trump’s tax returns, the opening salvo in what could prove an explosive battle between Democrats and the Trump administration.
Read more »
U.S. House committee seeks Trump tax returns from IRSHouse Ways and Means committee asks the IRS to provide six years of Donald Trump's personal and business tax returns
Read more »
US House committee seeks Trump tax returns from IRSThe unprecedented move is likely to set off a huge legal battle between Democrats controlling the House and the Trump administration.
Read more »
Analysis | Power Up: Let the subpoena wars begin between Trump and House DemocratsAnalysis: Let the subpoena wars begin between Trump and House Democrats
Read more »
House Democrats formally request Trump tax returnsWays and Means Committee Chairman Richard Neal, D-Mass., said he filed a request with the Treasury Department for the documents, NBC News reports.
Read more »
Trump slams investigation by House Democrats as 'ridiculous bulls--it' during campaign rally'In this country, we cannot criminalize political differences,' he said. 'We do not abuse the law enforcement and intelligence power to target our political opponents when they spy on me. Whoever heard of this? They spied on me; they spied on our political campaign, who would think that's possible?'
Read more »
House Democrats look to use budget process to pressure Trump administration to comply with investigationsDemocrats are frustrated with the administration’s unwillingness to comply with multiple inquiries and are considering using Congress’s power of the purse as leverage.
Read more »
Democrats demand 6 years of Trump’s tax returns from IRSDemocratic Chair of the House Ways and Means Committee, Richard Neal, has formally requested President Trump’s tax returns from the IRS. Democratic Congressman Hakeem Jeffries tells Ari Melber that if Trump does not comply with the request for his tax returns, “that’s why the Article III Federal court system exists”.
Read more »