JUST IN: Treasury Secretary Mnuchin denies Democrats' request for 6 years of Trump’s personal and business tax returns, writing that the request “lacks a legitimate legislative purpose” and therefore the department is “not authorized” to release them.
Treasury Secretary Steven Mnuchin has denied congressional Democrats' request for six years of President Donald Trump’s personal and business tax returns, writing that the request"lacks a legitimate legislative purpose" and therefore the Dept is"not authorized" to release the returns.
He said that Treasury would work with the committee"to provide information concerning the Committee’s stated interest in how the IRS conducts mandatory examinations of Presidents, as provided by the Internal Revenue Manual. Mnuchin’s was never expected to yield the tax documents by his self-imposed deadline, but Democrats perceived the move as a delay tactic to afford Justice Department lawyers time to craft a legal case for denying the request. Democrats say the law on the matter is clear.
Neal first wrote IRS commissioner Chuck Rettig on April 3, citing his legal authority to review the documents, and then doubled-down on his demand April 13. Neal has contended that he needs to review Trump’s tax returns"in furtherance of consideration … of legislative proposals and oversight related to our Federal tax laws, including, but not limited to, the extent to which the IRS audits and enforces the Federal tax laws against a President.
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