4/10/2019

DEMS/STEVE MNUCHIN/TREASURY/TRUMP TAXES: “The Trump administration missed a Wednesday [4-10-19] deadline set by Democrats to hand over the president’s tax returns, as the two sides edge closer to an epic legal battle that could rise all the way to the Supreme Court. In a letter released Wednesday evening, Treasury Secretary Steven Mnuchin said he needs more time to consider House Ways and Means Committee Chairman Richard Neal’s demand while also making clear the administration looks dimly on the request…Mnuchin’s letter came hours after Trump bluntly rejected Democrats’ request, telling reporters ‘I won’t do it’ because he’s being audited by the IRS. The administration is expected to formally deny the request eventually, leaving it up to the courts to decide the scope of Congress’s power to demand records from a sitting president. Rejection would ensure the matter will remain a prominent issue throughout much of Trump’s third year in office as 2020 Democratic presidential contenders hammer him over broken promises and make a show of releasing their own tax filings. House Democrats, who are demanding six years’ worth of the president’s personal and some business returns, have made clear they intend to force the issue, though they have not spelled out their legal strategy.”

Brian Faler, “Treasury misses congressional deadline for turning over Trump’s tax returns,” Politico, April 10, 2019 8:13 pm