Treasury Secretary Steven T. Mnuchin said it would be “unlawful” to give President Trump’s tax returns to Congress and asserted that a confidential IRS draft memo revealed on Tuesday didn’t contradict him.
Secretary of Treasury Steven T. Mnuchin testifies during a House Committee on Financial Services hearing on Capitol Hill on Wednesday.
“If I had turned them over, I would have been violating the law,” Mnuchin told the House Financial Services Committee on Wednesday.The chairman of the House Ways and Means Committee, Richard Neal , has demanded six years of Trump’s personal and business returns under a law giving him the authority him to make such requests.
Mnuchin said he had no idea who wrote the confidential memo and was not aware of its existence until reporters from the Post made inquiries about it. Mnuchin said that, in refusing to hand over the returns, he relied on advice from the Justice Department, which told him that Neal’s request overstepped Congress’ constitutional powers to investigate the president. He said the IRS memo was in draft form and hadn’t been distributed to senior Treasury Department leaders.Politics Newsletter
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Mnuchin dismisses IRS memo saying Congress must be given Trump's tax returnsTreasury Secretary Steven Mnuchin dismissed an internal IRS memo concluding it is 'mandatory' for the IRS to turn over President Trump's tax returns unless the president invokes executive privilege
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Treasury Secretary Steven Mnuchin and IRS chief expected to ignore subpoena deadline for Trump's tax returns, setting up court fightHouse Ways and Means Committee Chairman Richard Neal, D-Mass., made a formal request for six years of Trump's personal and business tax returns last month. But Mnuchin has refused to release the president's returns to Congress.
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Mnuchin Defies Subpoena for President Trump’s Tax ReturnsTreasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig defied congressional subpoenas by missing a Friday deadline to hand over six years of President Trump’s tax returns.
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IRS Memo Says President's Tax Returns Must Be Given to CongressThe memo said that the only way out of complying with the request from House Ways and Means Chairman Richard Neal is for the president to take the rare step of executive privilege. The Internal Revenue Service also said the memo was never forwarded to Treasury. A Treasury spokesman said that no one
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IRS Audit Rate On The Rich CollapsesThe audit rate for $10-million-plus folks dropped precipitously, while rates for other high-income groups are down a lot too.
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Is new IRS memo on Trump's taxes binding?UPDATE: “The memo in question is a draft background paper that was never finalized. It is not the official position of the IRS. The document was prepared last fall,' the IRS tells NBCNews, and 'the document was not sent to Treasury.” - PeterAlexander
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IRS memo says Trump taxes must be given to Congress: WaPoRachel Maddow shares a new report from the Washington Post of a confidential draft IRS memo that says the law requires that Donald Trump's taxes be given to Congress, and the broader context of the Trump administration's obstruction of oversight by Congress, particular of Trump's finances.
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Mnuchin rejects Democrats’ subpoena for President Trump’s tax returnsMnuchin and IRS Commissioner Charles Rettig were given until 5pm on Friday to respond to House Democrats' demands.
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Confidential draft IRS memo says tax returns must be given to Congress unless president invokes executive privilegeThe memo, written last fall by an Internal Revenue Service attorney, contradicts the Trump administration’s justification for denying the president’s tax returns to lawmakers.
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