Steve Mnuchin says the final decision on the release of Trump’s tax returns is coming next month
Treasury Secretary Steven Mnuchin left little doubt Tuesday that the administration will reject a congressional request for President Donald Trump's tax returns by a self-imposed May 6 target for a "final decision," setting the stage for a legal battle that will test the limits of congressional oversight.
Neal is invoking a law that allows the chairs of the two congressional committees with tax jurisdiction to examine anyone's tax returns. Ways and Means needs to be able to vet IRS audits of the president, he has said, though Democrats also make no secret of their desire to examine Trump's returns for evidence of possible financial malfeasance and other wrongdoing.Sign Up
In an April 13 letter to IRS Commissioner Chuck Rettig, Neal said the request for Trump's returns "falls squarely within the Committee’s oversight authority." He cited 10 judicial precedents on the matter and said that the Supreme Court has time and again reaffirmed the legislative branch's role. He could write yet another letter threatening to use any and all powers available to him to get the administration to comply, followed by a subpoena for Trump's returns. Several administration officials, and Trump himself, have said Congress won't get the documents.
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