House Ways and Means Committee Chairman Richard Neal (D-Mass.) said he is preparing a request for President Donald Trump’s tax returns that will “stand up under the magnifying glass of critical analysis.”
- The law gives the chairmen of the tax-writing committees the authority to request the president’s tax returns from the Treasury secretary. Neal has been under pressure from progressives and other members of the Democratic caucus to speed up the request. “It seems to me it should have been done yesterday,” Rep. Lloyd Doggett (D-Texas) said this week.
- “It has to be done with great deliberation and prudence,” Neal told Bloomberg Tax March 8. He didn’t give a timeline for the request.
- Rep. Bill Pascrell (D-N.J.) said March 5 he estimated that the request will be made in about two weeks.
- Treasury Secretary Steven Mnuchin is expected to contest any request from Neal. Mnuchin could argue there isn’t a legitimate purpose for asking for the returns and that the request harms taxpayer privacy, a congressional aide familiar with the discussions said.
To read more from Daily Tax Report ® pleaseOR Request Trial