Trump Refuses Subpoena For His Taxes

Trump Refuses Subpoena For His Taxes

Trump has bucked the tradition of presidential candidates baring their finances and divulging how much they have paid in taxes.

The House Ways and Means Committee subpoenaed the treasury secretary and IRS commissioner earlier this month for Trump's tax returns from the last six years, following a request made to Treasury Secretary Steven Mnuchin in early April.

Mnuchin's rejection of the subpoena had been expected. Issuance of these subpoenas should not have been necessary.

In a letter to Massachusetts Democratic Rep. Richard Neal, the chairman of the House Ways and Means Committee, Mnuchin said the request "lacks a legitimate legislative objective", saying his department will not "disclose the requested returns and return information".

Democrats are seeking Trump's tax returns under a 1924 law that directs the IRS to furnish such information when requested to the chairs of Congress' tax-writing committees. The Treasury secretary has warned that allowing House Democrats to retrieve the president's tax returns would open the door to lawmakers from both parties politicizing the Internal Revenue Service in the future.

John Wick’s Bounty LTM is live in Fortnite
Over the past year or so, we've seen a couple of limited time modes brought to Fortnite to celebrate the launch of upcoming films. There will also be XP bonuses up for grabs, so you'll definitely want to spend some time playing Wick's Bounty this weekend.

Spotify Starts Testing Its In-Car Music Player 'Car Thing'
The Verge says the experiment has been going on privately for a while, but Spotify only officially communicated about it today. Instead, Spotify will keep the roll out of Car Thing small.

Shah Rukh Khan makes appearance on David Letterman's show; view pictures
He is one of the most popular hosts in the late-night talk show space as he hosted Late Show with David Letterman for 22 years. Shah Rukh took to Twitter, where he shared a photograph of himself along with Letterman.

In his statement, Neal said he would consult with committee lawyers "on how best to enforce the subpoenas moving forward".

The fight with Congress over Trump's tax returns is one of a number of battles House Democrats are having with the administration over the release of information.

Trump, who came into office in January 2017 with global business holdings, did not release his returns during the 2016 election, breaking with four decades of precedent.

The New York Times reported earlier this month that based on an analysis of IRS records, Trump reported losses of almost $1.2 billion between 1985 and 1994, and may have been able to carry over those losses for years after to minimize his tax bills. The newspaper also reported that the losses were so substantial, that in the eight of the 10 years in question, Trump was able to avoid paying income tax.

Related Articles