US Treasury Secretary Steven Mnuchin misses deadline to hand over President Donald Trump's tax returns to House panel, says he will make final decision by May 6
US Treasury Secretary Steven Mnuchin released a letter to House Ways and Means Committee Chairman Richard Neal in which he pledged to make"a final decision" on whether to provide Trump's tax records by May 6.
The outcome, which was widely expected, could prompt House Ways and Means Committee Chairman Richard Neal to subpoena Trump's tax records as the opening salvo to a legal fight that may ultimately have to be settled by the US Supreme Court. In his letter, Mnuchin said he was still consulting with the Justice Department about Neal's request, which he termed "unprecedented."
But his former personal lawyer, Michael Cohen, told a House panel in February that he did not believe Trump's taxes were under audit. Cohen said the president feared that releasing his returns could lead to an audit and IRS tax penalties.Earlier on Tuesday, the White House said Trump was unlikely to hand over his tax returns.
As Ways and Means chairman, Neal is the only lawmaker in the House of Representatives authorized to request taxpayer information under federal law. Democrats say they are confident of succeeding in any legal fight over Trump's tax returns.
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