Mnuchin Declines To Meet Deadline On Trump Tax Return Request

Charles Rettig President Donald Trump's nominee to be Commissioner of the Internal Revenue Service testifies during his confirmation hearing before the Senate Finance Committee on Capitol Hill

In the last Congress, the Committee on Ways and Means issued a formal report concerning a House resolution of inquiry seeking information substantially similar to the information you request.

Neal said Tuesday that he plans to send a follow-up request for the information in writing before taking more drastic steps.

At both hearings, Mnuchin said the Treasury would "follow the law" regarding Neal's request for Trump's tax returns, adding that was being reviewed by the Treasury's legal department.

"I am unable to discuss that with you at this moment", Rettig told CNN after the hearing. "You can keep your eyes open for things later on".

He said Treasury respects lawmakers' oversight duties and would make sure taxpayer protections would be "scrupulously observed, consistent with my statutory responsibilities" as the department reviews the request.

"We would not ever ask for the White House's permission on this nor did they give us the permission". "But I have no obligation to do that while I'm under audit". It's my job to supervise the IRS. "I personally wasn't involved in those conversations".

Democrats are relying on a 1920s-era law that has never been challenged in court before.

"This highlights the fact that there's an inherent conflict of interest for the agency to appropriately audit its boss", George Yin, a University of Virginia School of Law professor and former Joint Committee on Taxation chief of staff tells Fortune.




Democrats say a 1924 statute requires the Treasury secretary to turn over tax returns to the chairmen of the congressional tax committees who ask for them for investigative purposes.

"We need to get to the bottom of this", she said. Trump has broken with decades of presidential precedent by not voluntarily releasing his returns to the public.

"Remember, I got elected last time, the exact same issue, with the same intensity, which was not very much, because, frankly, the people don't care", Trump said as he left the White House for a trip to Texas.

In a 2016 column in Forbes, Rettig, then a private attorney, said no "experienced tax lawyer" would advise Trump to publicly release his tax returns during an audit. "This is a political stunt by my former colleagues".

Treasury Secretary Steven Mnuchin clashed with Maxine Waters, the chairwoman of the House Financial Services Committee, bickering with her about ending a hearing on Tuesday after more than three hours of testimony and about whether he would return to the panel.

Asked if he would comply, Mnuchin said he would "comply with the law" but stopped short of saying he would commit to handing over the returns.

Referring to Neal's request as a "long-planned inquiry", Mnuchin cited concerns raised by the House Ways and Means Committee when it was controlled by Republicans during the last session of Congress, as well as comments made by GOP lawmakers when Democrats made the request last week. So that's the law.

Waters: You're free to leave any time you want. I have said that I will comply with the law.

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