Mnuchin says 'analyzing the law' on Trump tax return request

Published 04/15/2019, 10:27 AM
© Reuters. FILE PHOTO: U.S. President Trump declares a national emergency at the southern border during remarks at the White House in Washington

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Monday he will follow the law regarding Congress' request for U.S. President Donald Trump's tax returns but reiterated his concerns about lawmakers' demands for the documents.

"We're analyzing the law, we're consulting with the Department of Justice," Mnuchin said in an interview on Fox Business Network.

Congressional Democrats and the Trump administration are headed for a legal showdown after House Ways and Means Committee Chairman Richard Neal imposed an April 23 deadline for the documents.

"I will follow the law," Mnuchin told the cable network, adding that he would also review related "constitutional issues" carefully. He is involved in the decision since the department has oversight of the IRS.

Mnuchin reiterated his concern that Democrats' demand could lead the federal tax agency to become a tool for political disputes.

Trump bucked decades of tradition by not releasing his tax returns when he ran for the White House in 2016 and won.

© Reuters. FILE PHOTO: U.S. President Trump declares a national emergency at the southern border during remarks at the White House in Washington

The president last week said people do not care about his tax returns and repeated that he would release them except that they are being audited by the IRS, but offered no evidence of the agency's review. Tax experts have said an IRS audit would not prevent an individual from making their returns public.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.