White House signals 'never' on tax returns

Image
AP Washington
Last Updated : Apr 08 2019 | 2:40 PM IST

Democrats will "never" see President Donald Trump's tax returns, said White House chief of staff Mick Mulvaney, as a new front opened in the confrontation between the administration and Congress.

Mulvaney accused Democrats of engaging in a "political stunt" and wanting "attention" after the chairman of the House Ways and Means Committee, Rep. Richard Neal, asked the IRS to provide six years of Trump's personal tax returns and the returns for some of his businesses.

"That is not going to happen and they know it," Mulvaney told "Fox News Sunday." Asked whether he believe Democrats would ever view the president's returns, Mulvaney replied: "Oh no, never. Nor should they." Last week, Massachusetts Democrat Neal, one of only three congressional officials authorized to request tax returns, requested Trump's personal and business returns in a letter to IRS Commissioner Charles Rettig.

He asked for returns covering 2013 through 2018. He also asked for the documents in seven days, setting an April 10 deadline.

An obscure 1924 statute includes no exceptions to Neal's authority to ask the Treasury Department for returns and says the department "shall furnish" them when requested. It does require that the review of an individual's return be conducted by members of Congress in "closed executive session" if the returns are provided without the taxpayer's consent.

Still, Mulvaney claimed the law provides for lawmakers to review individual tax returns but "political hit job is not one of those reasons." His comments echoed those made by Trump's lawyers who argued the Democratic request "would set a dangerous precedent" if granted.

Trump broke with precedent when he chose not to release any tax returns as a presidential candidate. Mulvaney tried to cast the issue of the president's taxes as old news, saying it was "already litigated during the election" and the American people "elected him anyway."
William Consovoy, whose firm was retained by Trump to represent him on the matter, said in a letter Friday to the Department of Treasury's general counsel that the tax code zealously guards taxpayer privacy. He said requests for tax returns "must have a legitimate legislative purpose."
Neal has said he made the request to review the IRS policy of auditing the tax returns of all sitting presidents and vice presidents, saying, "little is known about the effectiveness of this program."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 08 2019 | 2:40 PM IST

Next Story