Mnuchin says Treasury will “follow the law” on request for Trump tax returns

Trump rebuffs demand for tax returns

Treasury Secretary Steven Mnuchin says it’s his department’s “intent to follow the law” in responding to the request by House Democrats to release President Trump’s tax returns. During a budget hearing before the House Subcommittee on Financial Services and General Government, Mnuchin was asked by Chairman Rep. Mike Quigley if he’d be involved in fulfilling the request by the House Ways and Means Committee to release the president’s tax returns. Quigley cited a “longstanding (IRS) delegation order that the secretary does not get involved in taxpayer specific manners.”

Mnuchin said he was “not surprised” by the question and said it was “better we get this out.”

“I want to acknowledge we did receive the request and as I’ve said in the past when we received the request, it would be reviewed by our legal department, and it is our intent to follow the law. And that is in the process of being reviewed,” Mnuchin stated. 

Last week, House Ways and Means Chairman Richard Neal sent a formal request to the IRS for six years of Mr. Trump’s tax returns, arguing the committee “has a responsibility to conduct oversight of our voluntary Federal tax system and determine how Americans — including those elected to our highest office — are complying with those laws.”

The president responded by saying he’s under audit — which he has consistently said when asked  — and “would not be inclined” to release his returns until the audit is completed. Individuals under audit are free to release their tax returns.

Asked if he would personally be reviewing the request, Mnuchin testified that it would be “premature” to reveal just what the legal team would be reviewing or not reviewing.  

Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button