Date: September 29th, 2018 12:40 PM
Author: heady elite forum
A nearly 100-year old statute allows the chairmen of Congress’ tax committees to look at anyone’s returns.
By BRIAN FALER 09/29/2018 08:00 AM EDT
The years-old mystery of what’s in President Donald Trump’s tax returns will likely quickly unravel if Democrats win control of at least one chamber of Congress.
Democrats, especially in the House, are quietly planning on using an obscure law that will enable them to examine the president’s tax filings without his permission.
"Probably the approach would be to get all of it, review it and, depending on what that shows, release all or part of it,” said Rep. Lloyd Doggett, the No. 4 Democrat on the Ways and Means Committee.
That could bring a swift end to the long-running battle over Trump’s returns, while generating loads of fodder for what promises to be an array of investigations into the administration if Democrats win power.
Lawmakers are not doing much now to advertise their opportunity to seize Trump’s returns ahead of the midterm elections, in part because some believe it will only rile his supporters.
But it could be one of the most immediate results of Democrats returning to power. Nonpartisan election experts say Democrats will likely win the House, with the Cook Political Report putting the chances at 75 percent. They’re less likely to win the Senate, though even Majority Leader Mitch McConnell has conceded that’s possible.
It would be highly unusual for Congress to release confidential tax information, though not unprecedented.
As part of their Obama-era investigations into whether the IRS discriminated against conservative groups seeking tax-exempt status, Republicans on both the Finance and Ways and Means committees agreed to release private tax information about the organizations. At the time, Democrats decried the move, though some now call it justification for unmasking Trump’s returns.
Transparency advocates have long complained about Trump bucking a 40-year tradition of presidents producing their returns. His filings could answer questions about what he earns, how much he pays in taxes and whether he gives to charity.
It could also help answer broader, nagging questions like what sort of conflicts of interests are posed by his businesses, his ties to Russia and other foreign governments and how his family benefits from government actions.
(http://www.autoadmit.com/thread.php?thread_id=4092661&forum_id=2#36921378)