House Democrats will now need to decide how forcefully to respond
By Damian Paletta and Erica Werner April 23 at 11:46 AM The Treasury Department on Tuesday is likely to defy a second demand from House Democrats to turn over six years of President Trump’s tax returns, according to two administration officials, part of a widening White House effort to stymie congressional oversight
He said Trump was not inclined to allow the release of his tax returns until an audit of the records is complete. He has not provided any details of the audit, however, and his former lawyer — Michael Cohen — has said he doesn’t believe the records are actually under audit. “We can squeeze these birds,” said Rep. Bill Pascrell Jr. , a senior member of the House Ways and Means Committee. “We can go to court. . . . Anyone who denies us is at risk.”
The wording of the statute does not appear to offer discretion to the commissioner of the IRS, which is part of the Treasury Department, to refuse Neal’s request. However, the whole situation amounts to “uncharted territory” since there has not previously been an occasion where a request for tax returns under the little-used statute has been refused, according to George Yin, a University of Virginia law professor who’s testified on the topic before the Ways and Means Committee.
The returns could provide insight into Trump’s entanglement with foreign governments, whether he improperly inflated or deflated the value of his assets in dealing with financial institutions, and potentially whether he benefited personally from the 2017 tax law.
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