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Democrats are about to take the first step toward obtaining Trump’s tax returns

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House Democrats will hold their first hearing Thursday on President Donald Trump’s tax returns, which could set off a legal battle that could consume the legislative agenda.

Democratic lawmakers want to see Trump’s tax returns to ensure he’s complying with tax laws and untangle his financial connections, but administration officials and other Republicans are threatening to oppose any efforts to examine those documents, reported Bloomberg.

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Rep. Richard Neal (D-MA), chairman of the House Ways and Means Committee, has handed off the matter to his oversight subcommittee and its chairman, Rep. John Lewis (D-GA), and not all Democrats have an appetite for the coming legal and political battle.

“I’d suspect that Bob Mueller and his team are looking at that already,” said Rep. Ron Kind (D-WI), who sits on the Ways and Means Committee, “and hopefully it’s part of a report that is submitted to us shortly.”

Trump warned Congress in his State of the Union address to halt the various investigations into his business and political dealings, and Republicans have said they will call any request for the president’s tax returns a political witch hunt.

Rep. Adam Schiff (D-CA), chairman of the House Intelligence Committee, said Democrats won’t be intimidated, but Treasury Secretary Steve Mnuchin has suggested he might prevent the release of Trump’s tax returns.

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A 1924 law authorizes the House Ways and Means and Senate Finance committees to obtain the tax records for any taxpayer, including the president, which the Treasury secretary “shall” provide to them.

Mnuchin has said he would analyze any requests for Trump’s tax returns and respond if required by law, and Democrats could end up challenging the administration in court if they refuse to release the documents.

The ensuing legal battle threatens to derail the rest of the Ways and Means Committee’s other priorities, including prescription drug price reductions, overhauling retirement plans and rolling back portions of the GOP tax bill.

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Lawmakers plan to build a case for Neal’s authority as chairman to request tax returns, and if the committee gets them, members can then vote to make them available to all House representatives — which would essentially make them public.

Democrats hold a 25-17 majority on the committee, so it seems likely the public would see Trump’s tax returns if Mnuchin turns them over.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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‘Alarming gibberish’: Trump dragged through gauntlet of mockery for raging impotently against Fed chair and China

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President Donald Trump attacked his own Federal Reserve chairman as an "enemy" of the United States amid his escalating trade war with China -- and other social media users were flabbergasted.

Fed chairman Jerome Powell refused to budge on interest rates, despite heavy pressure by the president in the face of a looming recession, and China retaliated against the tariffs Trump imposed with a new round of their own.

Trump lashed out at Powell, whose name he misspelled, and compared him unfavorably to Chinese leader Xi Jinping.

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Trump snaps after ‘enemy’ Fed chairman doesn’t drop interest rates — compares him to China’s Xi

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President Donald Trump flipped out on his Federal Reserve chairman after China imposed a new round of tariffs in his ongoing trade war against the economic powerhouse.

The president lashed out at Fed chairman Jerome Powell after he refused to budge on interest rates, and referred to the official he chose as an "enemy" of the United States.

"As usual, the Fed did NOTHING!" Trump raged on Twitter. "It is incredible that they can 'speak' without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a very weak Fed. I will work 'brilliantly' with both, and the U.S. will do great.."

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Trump allies have been reading a bizarre fascist manifesto that encourages young men to prepare for military rule

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Political allies of President Donald Trump have been reading a bizarre fascist manifesto that encourages young right-wing men to join the military and then use the knowledge in combat they gain to prepare for military rule.

Politico reports that former Trump White House officials who have read the book do not approve of its conclusions but they do believe it presents several intriguing ideas and they think it's gained real traction among many of the disaffected young white men who voted for the president in 2016.

"It’s still a cult book,” said a former Trump White House official. "If you’re a young person, intelligent, adjacent in some way to the right, it’s very likely you would have heard of it."

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