Donald Trump has long said he is being audited by the IRS. House Democrats want to know more about that
Democrats are invoking an arcane law that allows the heads of Congress’s tax committees to examine anyone’s confidential tax filings.used to inform the tax policymaking process. Lawmakers sometimes need to see private returns when they are deciding how to craft tax changes. If they are trying to outlaw a corporate tax shelter, for example, they may look at an individual company's private return to help them understand how the tax dodge works.
In his letter to the agency, Neal demanded the IRS turn over the details of which of the president’s specified returns have been audited, why they were selected for examination and what the agency ultimately found. The IRS has automatically audited every president's returns since the 1970s, both to instill confidence that the president is paying his or her share and to help the agency avoid having to decide which chief executive to scrutinize.
Democrats point to Nixon, who, like Trump, was under suspicion of failing to pay his taxes. Seeking to clear the air, Nixon released his returns and asked JCT to audit them. Among the documents Nixon released was a note from an IRS official who said the president’s returns were “accepted as filed,” adding, “I want to compliment you on the care shown in the preparation of the returns.”
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. House committee seeks Trump tax returns from IRSHouse Ways and Means committee asks the IRS to provide six years of Donald Trump's personal and business tax returns
Weiterlesen »
US House committee seeks Trump tax returns from IRSThe unprecedented move is likely to set off a huge legal battle between Democrats controlling the House and the Trump administration.
Weiterlesen »
Democrats hit Trump on taxes, Mueller and finances in 1 dayIn a single day, House Democrats demanded President Donald Trump’s tax returns for six years, moved to get a decade’s worth of his financial records and prepared to issue a subpoena for the full Mueller report from the Justice Department
Weiterlesen »
Senators seek documents related to Britax stroller settlementDemocrats seek information on the role of Trump appointee in agency’s probe into BOB jogging strollers.
Weiterlesen »
Analysis | Power Up: Let the subpoena wars begin between Trump and House DemocratsAnalysis: Let the subpoena wars begin between Trump and House Democrats
Weiterlesen »
House Democrats formally request Trump tax returnsWays and Means Committee Chairman Richard Neal, D-Mass., said he filed a request with the Treasury Department for the documents, NBC News reports.
Weiterlesen »
Presidential hopeful Pete Buttigieg talks Trump 'paradox' for 2020 Democrats and his rising poll numbers'You could argue that it doesn’t get more different from this president than a laid-back, intellectual, young gay mayor from the midwest.”
Weiterlesen »