Finance
Democratic lawmaker asks IRS for 6 years of Trump’s tax returns
US House Ways and Means Committee Chairman Richard Neal has asked the Internal Revenue Service to provide six years of President Donald Trump’s personal and business tax returns.
“We have completed the necessary groundwork for a request of this magnitude and I am certain we are within our legitimate legislative, legal, and oversight rights,” Neal said in a statement on Wednesday announcing the request.
Neal, who is the only House of Representatives member authorized by law to request Trump’s returns, has been under pressure to act from some Democratic lawmakers and outside groups. He reportedly gave the IRS a deadline of April 10 to furnish the tax returns.
Asked about the Democrats’ request for six years of tax returns, Trump replied to reporters on Wednesday: “Is that all?”
“Usually it’s ten,” Trump said. “So I guess they’re giving up.”
Trump defied decades of precedent as a presidential candidate by refusing to release the tax documents and has continued to keep them under wraps as president, saying his returns were under audit by the IRS.
Democrats hope that obtaining the returns will allow them to identify any conflicts of interest posed by Trump’s global business empire.
Republicans oppose the effort, saying such a move would set a dangerous precedent by turning the confidential tax documents of a US citizen into a political weapon.
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