Trump is going to fight the release of the returns to Congress but it looks like legally they have the right to see them. What is he hiding? The possibilities include paying little or no taxes, tax evasion, overstatement of his net wealth, income from other countries that would cause a potential conflict of interest.
Trump lawyers' argument for IRS not turning over Trump's tax returns is 3-pronged:
— Aaron Blake (@AaronBlake) April 5, 2019
1) Committee must have legitimate legislative purpose, and there is none here
2) Exec branch (IRS) is already reviewing the returns
3) This is an effort to "harass" Trump & punish his speech
Trump hires new lawyer and tells him not to give over tax returns to Dems. Giuliani predicts a court battle of two to three years. "It opens a vein," says @TimOBrien, one of the few to ever see returns. He explains the many reasons. latest w/@JStein_WaPo: https://t.co/MNGgCG20cv
— Josh Dawsey (@jdawsey1) April 5, 2019
Just in: Trump retained Consovoy McCarthy Park to represent him re: Ways & Means push for his tax returns and write letter to Treasury. Trump lawyer says requests for tax info are "not consistent with governing law" & "threaten to interfere with the ordinary conduct of audits."
— Philip Rucker (@PhilipRucker) April 5, 2019
Trump lawyers have consistently elevated the concept of his rights as a private citizen when critics have raised questions about aspects of his conduct in office. Most extreme example of him trying to be two things at once. https://t.co/BtvbWdhatO
— Maggie Haberman (@maggieNYT) April 5, 2019
President Trump and his team are willing to fight the House Democratic request for the president's tax returns all the way to the Supreme Court, an admin official tells CNN. https://t.co/xwv3dqCzkN
— Jim Acosta (@Acosta) April 5, 2019
President Trump privately told his advisers that he will not hand over his tax returns to Congress and "he would fight the issue to the Supreme Court," according to the Washington Post https://t.co/Cn2eeqaaoX
— MSNBC (@MSNBC) April 5, 2019
Timely reminder: Trump appointed as IRS commissioner a tax attorney who wrote an opinion piece arguing that Trump should not release his returnshttps://t.co/hPeIpBMjyb
— Ilya Marritz (@ilyamarritz) April 4, 2019
The IRS commissioner also owns units in a Trump bldg in Hawaii. https://t.co/83Zi28DAH8
— David Fahrenthold (@Fahrenthold) April 4, 2019
Sad! 