Mnuchin says courts need to settle fight over Trump's taxes

May 15, 2019

Treasury Secretary Steven Mnuchin says it's up to the courts to referee his dispute with House Democrats demanding access to President Donald Trump's tax returns

WASHINGTON — Treasury Secretary Steven Mnuchin (mih-NOO'-shin) says it's up to the courts to referee his dispute with House Democrats demanding access to President Donald Trump's tax returns.

Mnuchin tells a Senate panel that the fight between the administration and Rep. Richard Neal, the House Ways and Means Committee chairman, "will go to the third branch of government to be resolved."

Mnuchin is sticking to earlier arguments that Neal's demand for Trump's taxes would set a precedent that lawmakers could pursue confidential tax information for political purposes.

Mnuchin calls it "a very important issue that has a precedent way beyond any one president and Congress."

Neal, a Massachusetts Democrat, has subpoenaed six years' worth of Trump's returns. He's set a Friday deadline for the IRS to deliver them.

MORE NEWS

Profit And Cost

Profit and Cost is the personal business & financial assistance for individuals considering to improve their profits and lowering the cost in their everyday life.

Newsletter

Subscribe for more recent news from Profit And Cost