Trump's Treasury Secretary Tried It, But Auntie Maxine Finished It (And Him)

Trump's Treasury Secretary Tried It, But Auntie Maxine Finished It (And Him)

Trump's Treasury Secretary Tried It, But Auntie Maxine Finished It (And Him)

The Trump administration will miss a Wednesday deadline set by congressional Democrats demanding to see President Donald Trump's tax returns, the treasury secretary said.

"The committee's request raises serious issues concerning the constitutional scope of Congressional investigative authority, the legitimacy of the asserted legislative goal, and the constitutional rights of American citizens", Mnuchin added in the letter. We have noted before, though, that experts say tax returns can be released even when an individual is under audit.

Mnuchin told a House panel that he personally has not had any communications with the president or his top staff about the department's decision on whether to provide Trump's tax returns under a almost century-old law that says the Treasury Department "shall furnish" them when requested by top lawmakers.

Treasury Secretary Steven Mnuchin clashed with Maxine Waters, the chairwoman of the House Financial Services Committee, bickering with her about ending a hearing on Tuesday after more than three hours of testimony and about whether he would return to the panel.

Trump nearly immediately said he opposed the request, and one of his lawyers, William Consovoy, on Friday asked the Treasury Department and IRS to withhold the returns until the Justice Department issues an opinion on whether the request is legal.

Yesterday, Steven Mnuchin went to Capitol Hill to give the Treasury Secretary's annual testimony on the state of the worldwide financial system.

Asked by reporters after the hearing if Treasury would meet the deadline, Mnuchin said, "In general, we try to accommodate these requests".

Mnuchin, speaking on CNBC television, said that progress continues to be made in the talks, including a "productive" call with China's Vice Premier Liu He on Tuesday night.

Trump has broken with tradition by not voluntarily releasing his tax returns. In his statement late Wednesday, the Democratic chairman indicated he would seek legal advice to make an "appropriate response" to the IRS "in the coming days".

"I am unable to discuss that with you at this moment", Rettig told CNN after the hearing.

Rettig added that he has not either been directly or indirectly asked not to comply with Neal's request to turn over the returns from inside the White House or elsewhere. Those attachments would contain more information, though still not as much as a release of Trump's full federal tax return. House Democrats are at a party retreat in the Virginia suburbs of Washington.

Neal has adopted a methodical approach to seeking Trump's returns.

Mnuchin told lawmakers that his department will "follow the law" but hasn't shared the department's interpretation of the statute. "The timing is yet to be determined, we're looking at what the precise steps would be", said Democrat Dan Kildee, a committee member and chief deputy whip of the Democratic Caucus".

Rep. Bishop: "If anybody's tax return is under audit, is there a rule that would prohibit that taxpayer from releasing it?" Of course, most tax attorneys don't represent presidents or people running for the White House.

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