Treasury Secretary Steve Mnuchin denies request for Trump’s tax returns

Treasury refuses to release Trump's Tax Returns

The Treasury Department refused to provide House Democrats access to President Donald Trump's tax returns, The New York Times reported Monday.

"In reliance on the advice of the Department of Justice, I have determined that the committee's request lacks a legitimate legislative objective, and pursuant to section 6103, the department is therefore not authorized to disclose the requested returns and return information", Mnuchin wrote.

Mr. Trump bucked decades of tradition, though no law, by refusing to divulge his tax returns as a presidential candidate and then in office. "I will consult with counsel and determine the appropriate response", the statement read.

In making that determination, Mnuchin said he relied on the advice of the Justice Department.

President Donald Trump speaks during the presentation of the Commander-in-Chief's Trophy to the U.S. Military Academy at West Point football team in the Rose Garden of the White House, Monday, May 6, 2019, in Washington. He is the first president since Watergate to decline to make his tax returns public, often claiming that he would release them if he was not under audit.

Consovoy wrote that Neal's request for the tax returns flouts "fundamental constitutional constraints", is driven by an intent to score political points, and would set a risky precedent if complied with.

Markets react to Donald Trump's China tariff threats
The US government hit China with the most extensive tariffs, starting a trade war between the world's two largest economies. The discussions remain focused toward making substantial progress on important structural issues and rebalancing the U.S.

OnePlus 7 Pro Price in India leaks, to start at Rs 49,999
Just like the OnePlus 6T, the OnePlus 7 and OnePlus 7 Pro will come equipped with an In-display fingerprint sensor. At the front, the phone will have a big 6.7-inch 2K AMOLED display with 90Hz refresh rate and DC dimming.

Federal Reserve leaves interest rates unchanged, defying Trump’s calls for a cut
But policymakers reiterated that the Fed would continue to be "patient" as it determines the future path of interest rates. The growth rate "vastly overstates the economy's strength", Bob Schwartz of Oxford Economics said in a recent analysis.

Congressional Democrats agitated for the president's tax documents.

"The attorney general's failure to comply with our subpoena. leaves us no choice but to initiate contempt proceedings", House Judiciary Committee Chairman Jerrold Nadler said in a statement released along with a committee report citing Barr with contempt of Congress. "If Trump once again faces only Republican silence and Democratic timidity, he will continue to erode our democracy by assuming more and more power". Fights with other House panels are ongoing.

Democrats have said obtaining the tax returns is necessary for them to perform their oversight duties, but Mnuchin has said repeatedly that their request for these records could be an invasion of Trump's privacy and become a fishing expedition.

A Committee spokeswoman did not respond to Newsweek's questions Monday about what - if any - legal action that meant. He concluded that the department was "not authorized to disclose the requested returns and return information".

The president says he is under audit and that his accountants have told him he would be foolish to reveal his returns.

"Is that all? Usually, it's 10", Trump said.

Related news:

Hot News

isis-killer-beheading-video-story-top Google's Redesigned Android Auto Is Coming to Your Car This Summer
May 08, 2019 - 01:59
Coupled with that improved on-device machine learning is Live Caption , a new feature targeted at deaf and hard of hearing users. Google says users will also be able to configure it to turn on at dusk and also turn on when battery saver mode is activated.

isis-killer-beheading-video-story-top Texas Equusearch joins in search for missing 4-year-old Maleah Davis
May 07, 2019 - 01:24
In any case, police say there's a young girl out there, they don't know where she is, and they don't know if she's alive. He said police hoped the public could help them "fill in the blanks" in the narrative provided to them by Vence.

isis-killer-beheading-video-story-top Pep Guardiola calls Premier League his 'toughest' test as Leicester game looms
May 07, 2019 - 01:23
But Guardiola believes the time to recognise the scale of such achievements is when is old and retired. In my career as a manager, I played against incredible sides and there are two that were "wow".

isis-killer-beheading-video-story-top Egypt's Salah won't play against Barcelona: Liverpool boss Klopp - Talents Abroad
May 07, 2019 - 01:18
John Aldridge has accused Luis Suarez of acting like a "rat" during Barcelona's 3-0 victory over his former side Liverpool last week.

isis-killer-beheading-video-story-top Klopp Liverpool's dramatic win 'a battle of will' in race to title
May 07, 2019 - 01:14
The hopes of Liverpool coming away from this season with a trophy are thinning by the day as games run out and injuries accrue. Former Arsenal manager, Arsene Wenger, has been tipped as a potential replacement for Rafa Benitez at Newcastle United .

isis-killer-beheading-video-story-top Opponents smell blood against David de Gea, says Chris Sutton
May 07, 2019 - 01:01
With his contract approaching its final 12 months, United have so far refused to meet his wage demands. United has a perfectly adequate replacement in Sergio Romero.

isis-killer-beheading-video-story-top European shares are sliding over Trump's latest tweets on China
May 07, 2019 - 00:49
The tweets raised concerns, with analysts sounding alarms about the damage of an increased trade war between the USA and China. Here are the answers to key questions about the rumbling dispute between the world's two largest economies.

isis-killer-beheading-video-story-top Theresa May tells Labour leader Jeremy Corbyn: 'Let's do a Brexit deal'
May 06, 2019 - 01:57
He said a deal would only be done if Keir Starmer, the shadow Brexit secretary, who backs a second referendum, approved it. "Let's listen to what the voters said in the local elections and put our differences aside for a moment".

isis-killer-beheading-video-story-top 'Avengers: Endgame' Hits $2 Billion Worldwide; Passes 'Titanic'
May 06, 2019 - 01:52
If you need anymore evidence of Avengers: Endgame holding onto crowds, even the family film UglyDolls only rakes in $8.5 million. The only movie left to conquer is Avatar , which has a world wide box office of $2.788 billion.

isis-killer-beheading-video-story-top United States adds 263K jobs in April; unemployment hits 49-year low
May 06, 2019 - 01:44
Leisure and hospitality had a healthy net job gain of 34,000 thanks to a surge in employment adds in the food service industry. And the unemployment rate for veterans of the Iraq and Afghan wars dropped to 1.7%, also a record low .

isis-killer-beheading-video-story-top STARTING XI: Our writers pick their Manchester United team to play Huddersfield
May 06, 2019 - 01:35
He is still one of the best goalkeepers in the world and we should stick by him so that he can quickly regain his confidence. The story has been the issues in defense, and the errors of David de Gea in goal.

isis-killer-beheading-video-story-top Burger King Release 'Unhappy Meals' Throwing Serious Shade At Macca's
May 06, 2019 - 01:30
Burger King has also made a donation to Mental Health America , though for what amount, they haven't said. Burger King's latest promotion throws some shade at McDonald's and its Happy Meals .

isis-killer-beheading-video-story-top Dems ask bar association to punish William Barr for 'despicable' testimony
May 06, 2019 - 01:09
It was later revealed that Mueller himself had sent a letter expressing his concerns to Barr about his summary. Barr, accusing him of committing a crime by lying to Congress about his communications with Mr.

isis-killer-beheading-video-story-top President Trump to honour Tiger Woods with Presidential Medal of Freedom
May 05, 2019 - 01:46
Woods has already won a major at Bethpage black, triumphing at the NY course in 2002 when it hosted the US Open. Asked if Woods can match Nicklaus' haul, four-time major victor Rory McIlroy said: "I think so".

isis-killer-beheading-video-story-top You'll Remember Me - Valencia Star Wants To Make History At Arsenal's Expense
May 05, 2019 - 01:32
Arsenal ended the half on a solid note, with Aubameyang drilling a half-volley into the ground and over the top in the latter stages.