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PoliticsDemocrats to ask for 10 years of presidential tax returns in new bill

22:20  02 january  2019
22:20  02 january  2019 Source:   cnn.com

How Nixon's tax trouble could influence quest for Trump's returns

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Democrats are making presidential tax returns a focal point in one of their first pieces of legislation, an effort to build the case to According to two sources familiar with the discussions, Democrats will include a provision in their new bill that would require presidential nominees to disclose 10 years of

Democrats are making presidential tax returns a focal point in one of their first pieces of legislation, an effort to build the case to According to two sources familiar with the discussions, Democrats will include a provision in their new bill that would require presidential nominees to disclose 10 years of

Democrats to ask for 10 years of presidential tax returns in new bill© Chip Somodevilla/Getty Images Massachusetts Democrat Rep. Richard Neal criticizes the Republican tax plan during at the US Capitol in November 2017 in Washington, DC. Neal will chair the House Ways and Means Committee in January. (Photo by Chip Somodevilla/Getty Images)

Democrats are making presidential tax returns a focal point in one of their first pieces of legislation, an effort to build the case to the American people that time is up on President Donald Trump keeping his own tax returns from the public, shutting what could be a window into his personal wealth.

According to two sources familiar with the discussions, Democrats will include a provision in their new bill that would require presidential nominees to disclose 10 years of tax returns shortly after they become the nominee. Vice presidents would also be required to disclose a decade of returns. The tax returns would then be posted on the Federal Election Commission's website for public viewing.

Progressives set to push their agenda in Congress and on the campaign trail. The GOP can't wait.

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Democrats are making presidential tax returns a focal point in one of their first pieces of legislation, an effort to build the case to According to two sources familiar with the discussions, Democrats will include a provision in their new bill that would require presidential nominees to disclose 10 years of

How Nixon's tax trouble could influence quest for Trump's returns . The mostly forgotten story of Nixon’s tax troubles is getting a new look from lawmakers and legal experts. That’s because Democrats want to tap a rarely used law to seize and release Trump’s tax returns when they take control of the House

The 10-year requirement is new marker. At the end of last year, Democrats had disclosed H.R. 1 would require presidential candidates to release just three years of tax returns, but a source familiar with the process said that after reviewing precedent, the marker was moved to a decade of returns.

The provision would be included in H.R. 1, a far-reaching bill that makes sweeping ethics changes as well as lays out Democratic priorities on voting rights and health care. The legislation isn't expected to pass the Republican-controlled Senate or be signed by Trump, also a Republican. However, it will give committees an opportunity to set markers on Democratic priorities in the new Congress.

The House Ways and Means Committee had planned to hold a hearing on the tax provision in H.R. 1 at the end of January. However, it could slip into February depending on the outcome of a partial government shutdown that has consumed Washington and left House Democrats spending their early days in the majority negotiating to reopen the government.

House Democrats scoop up lawyers to power Trump investigations

House Democrats scoop up lawyers to power Trump investigations Democrats are quietly preparing for what will likely be the largest congressional investigation of a sitting president in recent memory. Party leaders and committee chairs have spent months ironing out potential targets, from President Donald Trump's taxes and business dealings to the conduct of current and former Cabinet members. To handle all this investigative work, House Democrats are expected to double the number of their staffers.

Democrats ’ First Bill Includes Request for 10 Years of Presidential Nominees’ Tax Returns : Report.

The tax return bills , however, would sidestep that fight -- though it isn't clear if the risk of missing the ballot on states likely to give their Electoral Earlier this month, Democratic lawmakers in New York also initiated a separate push to authorize the state's tax commissioner to release state tax returns to

While Democrats take a legislative approach, they are fully aware that it isn't likely to be signed into law. The House Ways and Means Committee is also pursuing another route to obtain Trump's tax returns. Democrats believe under an obscure IRS rule, the incoming chairman of the House Ways and Means Committee, Rep. Richard Neal of Massachusetts, has the power to obtain the returns from the Treasury Department. Neal has said he plans to ask for them in the new Congress, but when exactly he'd make his move is still under discussion.

Trump has repeatedly refused to release his tax returns because he's under audit by the IRS. Being under IRS audit does not preclude someone from disclosing his or her tax returns.

Grassley requests a briefing on requesting Trump's tax returns.
Senate Finance Committee Chairman Chuck Grassley (R-Iowa) said he's planning to receive a briefing from Congress's nonpartisan tax scorekeepers on the process of requesting tax returns from the Treasury Department, as House Democrats are planning to use the process to try to obtain President Trump's returns. "Don't interpret this as looking into it, but I'm going to have a briefing by Joint Tax on what all this involves before I answer a ny questions," Grassley said in a briefing with reporters Wednesday, referencing the Joint Committee on Taxation.

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