House Democrat issues subpoenas for Trump tax returns

House Democrat issues subpoenas for Trump tax returns

House Democrat issues subpoenas for Trump tax returns

The Times looked into 9-year span of Trump's tax returns and revealed that he was losing money by the millions between 1985 and 1994 and spent those years in the red. A Treasury spokesman confirmed to CNN it has received Mr Neal's subpoena request. The IRS didn't immediately respond to a request for comment.

Congressional Democrats have always been trying to force Trump provide his tax returns, but the United States president has repeatedly stated the documents were being audited by the Internal Revenue Service and thus could not be released.

"I believed then, as I do now, that reviewing the requested documents is a necessary piece of the committee's work", Neal said.

The chairman of a US Congressional committee has issued subpoenas for President Donald Trump's tax returns, the committee told CNN. "There is no law", Trump said in April.

Treasury Secretary Steven Mnuchin (left) speaks with Richard Neal, the chairman of the House Ways and Means Committee, prior to testifying on the president's FY2020 budget proposal before the House Ways and Means Committee, on Capitol Hill, on March 14.

The law doesn't say that Neal needs a legislative objective to ask for the documents.

The Finance and tax Committee had set a deadline for the surrender of the tax returns of the Republican President. Brady, in a letter to Neal on Friday, said that Democrats are seeking the returns "not to further a valid legislative goal, but instead to try to embarrass a political enemy".

The Times quotes a lawyer for the president, Charles J. Harder, as saying that the tax information in the story is "demonstrably false" and that IRS transcripts, particularly from the days before electronic filing, are "notoriously inaccurate".

FILE PHOTO: U.S. President Donald Trump arrives at an event to celebrate the anniversary of first lady Melania Trump's "Be Best" initiative in the Rose Garden at the White House in Washington, U.S., May 7, 2019.

The subpoena requests six years of Mr. Trump's personal tax returns as well as returns for eight other entities that represent the core of his business empire from 2013 to 2018. A similar suit, seeking to prevent the release to the house of bank records from Deutsche Bank AG and Capital One Financial Corp.is pending in a Manhattan federal court.

Democrats are expected to move ahead with litigation to get the full, unredacted Mueller report and may have to legally advance other issues in order to enforce subpoenas from the committees.

The Times - which reported that Trump's businesses lost $1.17 billion during the 10-year period - has no more right to Trump's tax returns than it has to mine or those of any of you reading these words.

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