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The Quick Facts
- Last week, the Chairman of the House Ways and Means Committee Richard Neal formally asked the IRS to turn over six years of President Trump’s tax returns. Yesterday was the deadline given to receive the returns.
- However, Treasury Secretary Steven Mnuchin said yesterday that his department would be unable to provide the tax returns by the deadline.
- Mnuchin said the department needs more time to review the request, which he claimed raised questions of “constitutional scope of congressional investigative authority, the legitimacy of the asserted legislative purpose, and the constitutional rights of American citizens.”
- Chairman Neal’s request is anchored in a law which says the IRS “shall furnish” any tax return requested by the chairmen of key House and Senate committees.
- President Trump reiterated this week that he won’t release his tax returns while he is under audit. His chief of staff, Mick Mulvaney said in a Fox News interview that Congressional Democrats will “never” obtain the returns.