Trump’s returns are unlikely to be released anytime soon, even once Democrats make their request. The administration is promising a fight in court.
Democrats are getting ready to demand President Trump turn over ten years worth of taxes return in the next few weeks. According to POLITICO, they are seeking his personal tax filings not his business tax returns.
“We’re almost ready to go,” said Pascrell, who’s led a push among lawmakers to use an arcane law to unmask Trump’s tax returns.
A 1924 law allows the heads of Congress’s tax committees to examine anyone’s confidential tax filings. Lawmakers can also vote to make those returns publicly available, experts say.
“The chairman will be ready in two weeks to send his letter,” Pascrell said. “And I volunteered to deliver it.”
A spokesman for Ways and Means Chairman Richard Neal (D-Mass.) did not respond to requests for comment.
The efforts to get the tax returns gained momentum after his Cohen testified that Trump doesn’t want to turn over his tax returns because he is afraid of the scrutiny.
Cohen told lawmakers last week that Trump has refused to release his returns because he fears public scrutiny will subject him to “taxable consequences.” Trump himself also once expressed surprise at receiving a $10 million tax refund from the IRS, Cohen testified.
“He said that he could not believe how stupid the government was for giving ‘someone like him’ that much money back,” said Cohen.
Although it is not a law for presidents to allow Congress access to their previous tax returns others before Trump has followed the tradition. And it looks like the tax returns won’t be released soon because the administration promises a fight in court.