Rep. Woodall: Dems Trying to 'Weaponize' Tax Code Against Trump

House Democrats formally demand Trump's tax returns from IRS

The Democratic chairman of the House Ways and Means Committee asked the Internal Revenue Service on Wednesday for six years of President Donald Trump's personal tax returns and those of his businesses.

Every year dating back to the early 1970s, the Internal Revenue Service has made it a regular practice to audit the personal tax returns of every sitting United States president and vice president.

The president signalled he would not want his returns provided to Congress. Unlike with Mueller, Trump can't fire House committee members if they cross his "red line", and he'll have to go to court to challenge their subpoenas.

"We will put tariffs on if they don't apprehend, and ultimately we're going to give a period time".

"While we had hoped this action would have been taken earlier", Quint added, "we trust that Chairman Neal will effectively and efficiently manage this process to bring the American people answers about Trump's numerous conflicts of interest, dubious tax schemes, and allegations of fraud".

Neal said that the Committee is "considering legislative proposals and conducting 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".

Mr. Neal's office did not immediately respond to comment.

It would require a vote in the committee to release any such documents to the public if they are eventually handed over. Once or twice reports leaked out that Mueller was about to expand in that direction, but nothing much came of it.

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He has constantly refused requests to do so, claiming the returns are under "audit".

Sen. John Kennedy, R-La., on Thursday said that he "would like to" see the president's taxes, although he also argued Trump's repeated false claims that he can not disclose them due to an audit were "legitimate".

During the dramatic hearing before the House Oversight Committee, Cohen further questioned the existence of the President's audit. He has said he won't release them because he is being audited, even though IRS officials have said taxpayers under audit are free to release their returns.

Trump backed off days of Twitter comments saying he was about to close the border after White House economic advisers and Republican lawmakers warned him that closing the border would significantly affect the USA economy, the world's largest. This is a very aggressive goal-oriented group of progressive lawmakers, and they had promised to get a copy of Trump's tax returns.

"He says he's in the middle of an audit, and his CPAs say, 'Don't turn it over.' And I take him at his word, and I respect that". One would be the payment that Cohen said he made to buy the silence of adult film star Stormy Daniels about an alleged affair with Trump.

The IRS has a policy of auditing the tax returns of all sitting presidents and vice presidents, "yet little is known about the effectiveness of this program", Neal said in the statement.

"We expect that the IRS commissioner will follow the law". Such a scenario could see the Ways and Means committee issue a subpoena after Neal's April 10 deadline and the unleashing of a complicated legal duel.

A 1924 law authorizes the chairman of the House Ways and Means Committee to request the tax returns of any citizen, although that provision has rarely been used.

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