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Democrats, Republicans clash over release of Trump's tax returns

Democrats, Republicans clash over release of Trump's tax returns

Among them: whether there are conflicts of interest between his companies and his presidential actions; what are the sources of his income and to whom he might be beholden as a result; whether he's properly paid taxes; and whether he benefited from the sweeping Republican-written tax law enacted in late 2017.

House Democrats will hold their first hearing Thursday on President Donald Trump's tax returns, which could set off a legal battle that could consume the legislative agenda.

US President Donald Trump and Russia's President Vladimir Putin shake hands during a meeting on the sidelines of the G20 Summit in Germany, on July 7, 2017. Trump himself has fluctuated in describing what he envisions, from the 30-foot high concrete wall he promised during the campaign that Mexico would pay for, to more recently discussing a steel slat design. "Both career and political staff receive the daily public schedule, but I want to be very careful that we don't try anyone in the press", one official told Politico.

"If a president is cheating the system or evading taxes.why should any citizen feel compelled to comply", Pascrell said.

Joseph J. Thorndike, director of the Tax History Project, agreed that presidential candidates disclosing their tax returns is "tradition, not a law".

Shelby added that by Monday, "We hope we've got a deal". "We are interested in following the law, period". Even so, participants said a handshake could come any day on a spending package for physical barriers along the Southwest border and other security measures that would end a confrontation that has dominated the opening weeks of divided government. "Give us the chance to do that".

"All I'm saying is, can y'all respect the local communities", Cuellar said. There are already more than 600 miles of barriers of various kinds along the U.S. -Mexico border, about half of which are created to stop vehicles from crossing while the other miles are aimed at blocking pedestrians as well. A fractious afternoon hearing of a House Ways and Means oversight subcommittee was intended to begin building a case that Trump's withholding of his returns was not only flouting modern political norms but also potentially hiding violations of federal tax laws and compromising the interests of the United States. "If we believe that this kind of disclosure is important enough that we want them to do it, then we should require it". We need border security.

"I've been asked, and I think I am going", said Yarmuth, a Kentucky Democrat.

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"Mr. Pascrell was talking about hypocrisy". He has said he won't release them because he is being audited, even though IRS officials have said taxpayers under audit are free to release their returns.

Kevin Brady of Texas, the Ways and Means panel's top Republican, said, "Our view is that this isn't about whether the president should release his tax returns or not".

Rep. Darin LaHood of IL characterized Democrats' push as unnecessary.

Republican Ohio Rep. Brad Wenstrup pointed out that the president and vice president are audited by the IRS every year.

The Republicans echoed the letter sent to Ways and Means Chairman Richard Neal by GOP Reps. Kelly asked. "What about the tax returns of the speaker?" "This is a risk we can not and should not take".

The subcommittee also examined a proposal that would require all presidents, vice presidents and candidates for those offices to make public 10 years of tax returns.

Schiff's committee is planning to hear testimony from the president's former personal lawyer, Michael Cohen, who has already divulged to investigators inside information about the operations of the president's real estate business, the Trump Organization and Trump's 2016 election campaign.

Whether the White House and Republicans resist when and if the committee decides to formally request the tax returns from Treasury Secretary Steven Mnuchin appears imminent remains to be seen. And Democrats on Capitol Hill anticipate that the Treasury will take its time in reviewing any request.