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Trump lashes out as Democrats open probes into his taxes, Russia ties

AFP  |  Washington 

blasted Democrats on Thursday as they prepared to launch a barrage of investigations into his ties, business and long-hidden taxes.

Empowered by their election takeover of the House of Representatives, Democrats were to hold two hearings Thursday focused on Trump's tax returns and his controversial policy to separate immigrant children from their parents at the US-border.

Trump's is scheduled to appear before the House on Friday.

The committee is threatening a subpoena if he refuses to testify and hand over communications with the related to Robert Mueller's investigation into Russian election meddling.

And House is staffing up to expand their probe into Trump's political and business ties to Russia, with Trump's former personal scheduled to testify in late February.

"The Dems and their committees are going 'nuts,'" Trump tweeted early Thursday.

"The Republicans never did this to Obama, there would be no time left to run government," he said.

"PRESIDENTIAL HARASSMENT! It should never be allowed to happen again!"

After being stifled for two years by majority Republicans, the Democrats won control of the House in November, allowing them to open an investigative assault on the in the same way that -- contrary to Trump's claim on Thursday -- Republicans laid siege to president

Those probes would add to the legal and political burden facing the president from Mueller's probe into possible collusion between the 2016 Trump campaign and Russia, and a Justice Department investigation in into various activities of the campaign and Trump Organization, his umbrella company.

Together, the probes elevate the chance that Trump could face impeachment if serious wrongdoing is found.

Thursday's House Ways and Means hearing into Trump's taxes would break what he declared in 2017 as a red line -- that investigations should not touch his business and finances.

Unlike previous presidents, Trump has refused to release his tax records. His lawyers claim they have been under review by the since 2002.

A 2016 Times analysis based on limited information concluded that Trump may have paid minimal or even no taxes each year since 1995.

The of the committee, Richard Neal, has the power to review privately anyone's tax returns, and possibly make them public. But demanding Trump's tax records from the Treasury could lead to a pitched legal battle over presidential prerogatives.

is also planning a deep-dive into Trump's financial and business ties to Russia, suggesting that they could involve money laundering.

"The president's actions and posture towards during the campaign, transition, and administration have only heightened fears of foreign financial or other leverage over President Trump," Schiff said in a statement Wednesday.

Cohen, who was a in the Trump Organization, was to be the committee's first witness Friday in a closed session, before he begins a three-year prison sentence for tax evasion and other crimes he said were undertaken at Trump's bidding.

But on Wednesday Schiff announced cryptically that Cohen's testimony would be delayed until February 28 "in the interests of the investigation." The committee has decided to send transcripts of its closed-door interviews last year with Trump campaign associates to the Mueller investigation, amid suspicions that some may have lied about their ties.

Trump bashed Schiff in a tweet on Thursday.

"So now Congressman announces, after having found zero Russian Collusion, that he is going to be looking at every aspect of my life, both financial and personal, even though there is no reason to be doing so. Never happened before!" he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 07 2019. 23:30 IST
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