Some Democratic lawmakers want more than just President Donald Trump’s personal tax returns, as they seek to untangle his apparent conflicts of interest.
House Democrats are preparing a request for the president’s personal tax filings, but some lawmakers want to demand Trump’s business tax filings — which they suspect may uncover suspicious ties to Russian interests and potentially unlawful efforts to avoid paying taxes, reported Politico.
That would open a new, even more sprawling front in the mounting investigations into the president, whose financial disclosures reveal more than 500 partnerships and other types of business, which each would likely have its own tax returns.
Democrats could also demand returns from Trump’s trusts, one of which reimbursed former attorney Michael Cohen for hush money payments to Stormy Daniels, according to a check he showed lawmakers.
They could also ask for first lady Melania Trump’s returns, the website reported.
The recently dissolved Trump Foundation, which New York’s attorney general said had engaged in a “shocking pattern of illegality,” would have its own tax filings, although much of those are already publicly available.
Some lawmakers want House Ways and Means Chairman Richard Neal (D-MA), who has the power to seize Trump’s returns under an arcane statute, to issue a broad request covering years’ worth of returns, but other Democrats prefer requesting just a sample of the president’s returns.
Neal hasn’t said much about what he plans to do, and other Democrats on the panel have given conflicting accounts on whether the chairman might request Trump’s business tax returns or focus only on his personal returns.
It’s also not clear how many of Trump’s old returns remain on file with the government.
The IRS typically gets rid of individual returns after six years, but keeps corporate returns for 50 years and estate tax filings for 75 years.
Trump probably won’t file his 2018 returns until later this year, as wealthy people often wait until October to do because collecting tax information from business partnerships can sometimes take months.