House Issues Subpoena for Trump's Tax Returns: Another Witch Hunt?

-edited

House Ways and Means Committee Chairman Richard Neal (D., Mass.) issued subpoenas seeking President Trump’s tax returns.

I believe Trump should release his tax returns. That is just my belief. There is no law compelling a president to do that.

And given the total failure of Democrats to prove anything of substance in the Russiagate witch hunt, there is no compelling reason for the House to act.

Nonetheless, House Ways and Means Chairman Issues Subpoenas for Trump's Tax Returns.

Rep. Richard Neal issued subpoenas Friday to the Treasury secretary and IRS chief seeking six years of President Trump’s tax returns and audit records, taking the next formal step in the dispute between House Democrats and the Treasury Department.

Mr. Neal, a Massachusetts Democrat, requested the tax records last month, using a power the tax code gives him as chairman of the Ways and Means Committee. Under that provision, which dates to the aftermath of the Teapot Dome scandal in 1924, the chairman can seek any taxpayer’s returns and the Treasury secretary “shall furnish” them.

The law is clear, but Mr. Mnuchin argued in a letter on Monday that Mr. Neal’s request exceeded Congress’s constitutional authority because it lacked a legitimate legislative purpose. Mr. Mnuchin wrote that the Justice Department would publish a more detailed legal opinion, though that hasn’t happened yet.

Although the tax-code provision requires Mr. Mnuchin to produce any requested documents, it doesn’t outline deadlines or penalties for noncompliance. The subpoenas, which set a May 17 deadline, could help address those issues because courts may treat that deadline like they would treat that of any other congressional subpoena.

Another Witch Hunt?

Of course it is. What else could it possibly be?

Some times witch hunts turn up something, but typically that something is other than the alleged witch.

It would not surprise me in the least for Trump to be hiding something. If he wasn't, he would release the returns. Yet, perhaps all he is hiding is the fact that he is all talk and little show.

Deep Losses, So what?

Leaked returns show Trump reported Deep Losses for Tax Purposes.

Mr. Trump has bucked decades of tradition set by every sitting president since Richard Nixon by refusing to make public his tax returns. Mr. Trump’s predecessors and many of his potential rivals in the 2020 campaign have released tax returns as a show of transparency, allowing voters to see how they made money and where potential conflicts of interest may exist.

Tradition, So What?

Tradition and law are not the same thing.

There is no legal or compelling reason for another witch hunt. Every president should not be at the mercy of an aggressive opposite-party House for political purposes.

The Democrats already embarrassed themselves massively over Russiagate. They should have learned a lesson but didn't.

Would it be even a tiny bit surprising to discover the losses were in fact real and Trump is not the great deal maker that Trump pretends that he is?

Tariff policy failures already prove Trump is piss poor at making deals.

That observation does not merit another political witch hunt.

Mike "Mish" Shedlock

Comments
No. 1-19
shamrock
shamrock

Dear President Trump: Stop the Damn Lies.

flubber
flubber

This is getting old. Bottom line....Democrats hate Republicans. Republicans hate Democrats. The elected politicians just fight each other for power and nothing gets done to advance the wants & needs of the general population to advance our country for the better. In my opinion, it is a very sad state of affairs. I think we would be better off sending all of these politicians home. Let them meet in DC for 6 weeks each year to see if they can get anything of substance done. All we see is the continuing infighting that has been going on for years.

Webej
Webej

One of the reasons being touted for producing the tax returns is to check if there is any evidence of collusion with foreign money interests (!!), as if Mueller skipped this line of inquiry. The Dems need to face the reality that a lot of people voted for Trump, and they were not being coerced or fobbed by nigh omnipotent foreign agents and influences. Figuring out why anybody would vote for Trump instead of the Dems may help them get a grip on their own electoral prospects and strategy.

Latkes
Latkes

Americans are retarded.

If this were happening in any other country, concerned US-backed NGOs would be releasing analyses of abuses of democracy, organizing protests and color revolutions.

Snow_Dog
Snow_Dog

The effective rate Trump paid on his 2005 income was about 24%.

That’s according to the leaked tax filing that MSNBC reported. What did that look like in comparison to the members of Congress serving in 2005?

Do we even know? Do you think guys like Trump do their own tax returns? They hire professional accountants and those accountants had better be sure they are making accurate and legal deductions or else they can sued for malpractice.