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Politics Trump's tax returns can be released to Congress, Justice Department says

21:46  30 july  2021
21:46  30 july  2021 Source:   usatoday.com

Caitlyn Jenner's tax returns show that her income has slid over the years and she's nowhere near as rich as people think she is

  Caitlyn Jenner's tax returns show that her income has slid over the years and she's nowhere near as rich as people think she is Jenner was required to release her tax returns as part of her bid to run for governor of California.Insider saw copies of Jenner's tax returns from 2016 to 2019, which indicated that her income has fallen to a fifth of what she earned in 2016.

WASHINGTON – The Treasury Department can release former President Donald Trump's tax returns to Congress, the Justice Department said Friday, reversing its earlier position that lawmakers lacked a legitimate legislative purpose when they requested the documents two years ago.

Trump, who broke years of precedent by refusing to make his tax returns public, has successfully kept his financial records from lawmakers. But a 39-page legal opinion from the Justice Department's Office of Legal Counsel said the House Ways and Means Committee, which asked the Internal Revenue Service for Trump's tax returns in 2019, has "invoked sufficient reasons" for its request.

Lawmakers can't reconcile weakening the SALT cap with progressive goals

  Lawmakers can't reconcile weakening the SALT cap with progressive goals Any effort to weaken or repeal the cap would simply be a pointless giveaway to the rich. Democrats should reject this regressive tax cut that would draw critical resources away from needed public investments. "No SALT, no deal," said Reps. Josh Gottheimer (D-N.J.), Bill Pascrell (D-N.J.) and Tom Suozzi (D-N.Y.), who are just some of the lawmakers demanding that Congress repeal or weaken the SALT cap in their reconciliation bill, the legislative vehicle that will let Democrats pass their budget agreement without any Republican votes.

Donald Trump, Brooke Rollins posing for the camera: Former President Donald Trump speaking at Trump National Golf Club in Bedminster, New Jersey, in July when he announced plans to sue Facebook, Google and Twitter, claiming the companies violated his First Amendment rights when they booted him off their social media platforms. © Seth Wenig, AP Former President Donald Trump speaking at Trump National Golf Club in Bedminster, New Jersey, in July when he announced plans to sue Facebook, Google and Twitter, claiming the companies violated his First Amendment rights when they booted him off their social media platforms.

The legal memo also said the committee has special access to tax information because of its role overseeing the national tax system.

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"Even if some individual members of Congress hope to see information from the former President’s tax returns disclosed on the public record merely 'for the sake of exposure,' ... that would not invalidate the legitimate objectives that the Committee’s receipt of the information in question could serve," according to the memo.

United States: Donald Trump's tax returns must be transmitted to Congress

 United States: Donald Trump's tax returns must be transmitted to Congress © LM OTero, AP former President Donald Trump at the Conservative Political Action Conference in Dallas, Texas, July 11, 2021 . The tax returns of former President Donald Trump, who has always refused to make them public, must be forwarded to a Congress Commission, ordered the US Department of Justice on Friday.

The issue is the subject of a pending lawsuit in federal court in Washington, D.C. It's unclear if Trump's legal team plans to challenge the memo. Court filings show Trump will receive a 72-hour notice before his financial records are turned over to Congress.

Trump's attorneys did not immediately respond to a request for comment Friday.

"Access to former President Trump’s tax returns is a matter of national security.  The American people deserve to know the facts of his troubling conflicts of interest and undermining of our security and democracy as president," House Speaker Nancy Pelosi said in a statement.

This story will be updated.

This article originally appeared on USA TODAY: Trump's tax returns can be released to Congress, Justice Department says

Trump will fight tax return release to Congress .
Former President Donald Trump will fight any move the Treasury Department makes to turn his tax returns over to Congress, The Wall Street Journal reported Monday .'There is no evidence of any wrongdoing here and I object to the release of the returns not only on behalf of my client but on behalf of all future holders of the office of the president of the United States,' Trump's lawyer Ronald Fischetti told the paper.

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This is interesting!