India  
NewsR.in
> > >

Mnuchin refuses to release Trump's tax returns to Congress

Video Credit: Reuters Studio - Duration: 01:39s - Published < > Embed
Mnuchin refuses to release Trump's tax returns to Congress

Mnuchin refuses to release Trump's tax returns to Congress

U.S. Treasury Secretary Steven Mnuchin on Monday denied a leading House Democrat's request for President Donald Trump's tax returns, setting the stage for a lengthy court battle between lawmakers and the Trump administration.

Nathan Frandino reports.

0
shares
ShareTweetSavePostSend
 

Mnuchin refuses to release Trump's tax returns to Congress

(SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP, SAYING: "We're under audit." The fight to get President Donald Trump's tax returns hit another wall on Monday, with Treasury Secretary Steven Mnuchin refusing to turn over the long-sought financial records, setting up another subpoena battle with congressional Democrats.

Mnuchin defied a Monday deadline set by Democrat Richard Neal, chairman of the House Ways and Means Committee.

It was his third failed attempt to obtain Trump's personal returns.

Neal has cited a federal anti-corruption law that says the Treasury Secretary "shall furnish such committee with any return." In a letter to the Committee, Mnuchin said the Democrat's request lacks, quote, "a legitimate legislative purpose." The dispute is expected to wind up in a fierce court battle over how much power Congress has to investigate the executive branch.

During the 2016 race, Trump became the first major party nominee in 40 years to break with the tradition of releasing their tax returns.

Trump has repeatedly said he is under no obligation to do so.

(SOUNDBITE) (English) U.S. PRESIDENT DONALD TRUMP, SAYING: "I have no problem with it but while I'm under audit I would not give my taxes, there is no law whatsoever." Trump's former lawyer, Michael Cohen, who reported to prison Monday for fraud and other crimes, earlier this year told Congress he didn't believe the president was being audited and might have used the audit claim to avoid tax penalties.

House Democrats are seeking Trump's tax returns amid a wave of investigations in the wake of the Special Counsel Robert Mueller's Russia probe, which cleared Trump of conspiring with Russia in the 2016 elections, but identified 10 episodes of Trump attempting to impede Mueller's probe.



Recent related news from verified sources

U.S. Treasury's Mnuchin rejects subpoena for Trump tax returns

U.S. Treasury Secretary Steven Mnuchin defied a congressional subpoena seeking six years of President...
Reuters India - Published

Democratic lawmaker to turn to lawyers over Trump taxes

U.S. House Ways and Means Committee Chairman Richard Neal said on Friday he was consulting with...
Reuters India - Published

U.S. House tax chairman sees court fight over Trump's returns

A top House Democrat edged the U.S. Congress closer to a legal fight with President Donald Trump over...
Reuters India - Published

Mnuchin denies Democrats request to divulge Trump's tax details

[US], May 7 (ANI): US Treasury Secretary Steven Mnuchin has denied a request from Democrats to make...
Sify - Published


You Might Like


Recent related videos from verified sources

Harriet Tubman Money Is Delayed [Video]Harriet Tubman Money Is Delayed

Treasury Secretary Steven Mnuchin broke the news.

Credit: Celebrity Wire     Duration: 01:21Published

IRS could make Trump release his taxes [Video]IRS could make Trump release his taxes

President Donald Trump’s bet that it’ll take years to resolve a coming court fight over his tax returns could be wrong. Federal courts are already ruling quickly against Trump in his other attempts..

Credit: Rumble     Duration: 00:50Published

IRS Could Make Trump Release His Taxes [Video]IRS Could Make Trump Release His Taxes

President Donald Trump’s bet that it’ll take years to resolve a coming court fight over his tax returns could be wrong. Federal courts are already ruling quickly against Trump in his other attempts..

Credit: Wochit     Duration: 00:50Published

Release of Harriet Tubman $20 Bill Pushed Back to 2028 [Video]Release of Harriet Tubman $20 Bill Pushed Back to 2028

Release of Harriet Tubman $20 Bill Pushed Back to 2028 Treasury Secretary Steven Mnuchin recently announced that the $20 bill redesign would not be unveiled in 2020 as planned. The new bill was set..

Credit: Wibbitz Top Stories     Duration: 01:21Published

U.S. Treasury End Plan To Add Harriet Tubman To Currency [Video]U.S. Treasury End Plan To Add Harriet Tubman To Currency

Treasury Secretary Steven Mnuchin announced on Wednesday that the treasury will not introduce a redesigned $20 bill picturing escaped slave and abolitionist Harriet Tubman next year as planned. Reuters..

Credit: Wochit News     Duration: 00:59Published

Judge: Whether Trump Likes It Or Not, Banks Can Release His Records To Congress [Video]Judge: Whether Trump Likes It Or Not, Banks Can Release His Records To Congress

Reuters reports U.S. President Donald Trump, three of his children and the Trump Organization lost in court on Wednesday. They'd tried to prevent Deutsche Bank AG and Capital One Financial Corp from..

Credit: Wochit News     Duration: 00:38Published

Trump Demanded That His Financial Records Be Kept Private. Here's What The Judge Said [Video]Trump Demanded That His Financial Records Be Kept Private. Here's What The Judge Said

Business Insider reports a federal judge ruled Wednesday that President Donald Trump won't be able to block congressional subpoenas to Deutsche Bank and Capital One for his financial records. According..

Credit: Wochit News     Duration: 00:45Published

Albany Steps Closer to Releasing Trump's State Tax Returns After Assembly Vote [Video]Albany Steps Closer to Releasing Trump's State Tax Returns After Assembly Vote

The New York Assembly voted in favor of the TRUST Act on Wednesday, a legal provision that would require the commissioner of taxation and finance to cooperate with congressional investigations —..

Credit: Cheddar Inc.     Duration: 01:57Published

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2019 newsR Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest