Mnuchin says Treasury unable to comply with deadline for Trump's tax returns

Mnuchin says Treasury unable to comply with deadline for Trump's tax returns

Treasury Secretary Steven Mnuchin declined to meet congressional Democrats' Wednesday deadline to provide President Donald Trump's tax returns, asking for more time to study the legality of their request.

Democratic Representative Richard Neal, chairman of the House Ways and Means Committee, sparked a battle last week when he made the request using a little-known provision in the tax code.

Rettig faced a Wednesday deadline to respond to a letter from Neal who last week formally requested Trump's business and personal tax information dating back to 2013.

He quoted Capitol Hill Republicans who called the request "Nixonian" and who warned that it could set a precedent for disclosing personal tax information for political purposes.

"Given the seriousness of these issues, which bear no connection to ordinary tax administration", Mnuchin wrote, "we have begun consultations with the Department of Justice to ensure that our response is fully consistent with the law and the Constitution".

Trump has said he isn't releasing the returns because he's been under audit, and he repeated that on Wednesday to White House reporters before leaving for a trip to Texas. I think it's important that of all the Congress people have the appropriate time that they have their questions answered I knew we weren't going to be able to do it all in one session.

Neal is relying on a 1920s-era law that says the IRS "shall furnish" any tax return requested by the chairmen of key House and Senate committees.

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Mnuchin did not address whether the enforcement structure would allow the United States a unilateral right to reimpose tariffs without retaliation if China fails to follow through on its commitments.

She then moved on to the next congresswoman, since Mnuchin still had not used his big boy words and said directly that he wanted to leave. Rep. Dan Kildee, D-Mich., speaking before Mnuchin's response was delivered, said it may take Neal a couple of days to issue his own response.

"I did not make you an offer, let's be clear", he said. The White House has vowed to fight the request.

"By cutting out the middleman, we'll save the American taxpayers $68 billion in the coming years", Obama said when he signed the legislation in 2010.

"We would not ever ask for the White House's permission on this nor did they give us the permission". No federal statute bars individuals under audit from releasing their tax returns. The request was sent to Internal Revenue Service Commissioner Charles Rettig. The practice of presidential candidates making tax returns public, which Trump promised to uphold and then broke, started after Nixon as an anti-corruption measure.

"The requests for [Trump's] private tax information are not consistent with governing law, do not advance any proper legislative goal, and threaten to interfere with the ordinary conduct of audits", said William S. Consovoy, Trump's attorney, in a statement.

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