DonaldTrumptaxreturns
Former President Donald Trump‘s lawyers argued on Monday that a New York law, the TRUST Act, which allows Congress tax committees to request public officials’ state tax returns, does not apply to Trump since he is no longer in office. Trump’s lawyers wrote in a court filing, “While the TRUST Act is not the clearest statute, the best reading is that it does not apply to former Presidents.” In 2019, Trump filed a lawsuit in an attempt to prevent the House Ways and Means Committee from accessing his state tax returns. Judge Carl Nichols, a federal district court judge, has mandated that the Ways ...
uPolitics.com
The House Oversight Committee will reissue a subpoena for President Donald Trump‘s financial documents next year, likely once he has left office, House Counsel Douglas Letter said in a federal court filing Monday. “If this case has not been resolved before the end of this Congress, the Chairwoman will reissue the subpoena to Mazars at the start of the next Congress,” Letter wrote to the U.S. Court of Appeals for the D.C. Circuit. “It remains critically important that the Oversight Committee — and the House more broadly — be able to secure prompt subpoena enforcement without the risk that inves...
uPolitics.com
The New York Times report of President Donald Trump‘s federal income taxes — which found that he had only paid $750 in federal income taxes in 2016 and 2017, and no income tax at all for 10 of the 15 years leading up to his presidency — also showed that he wrote off $26 million in unexplained “consulting fees” between 2010 and 2018.One disclosure showed that nearly $750,000 of consulting fees went to his daughter, Ivanka Trump.According to the Times, the names of the consultants are not identified in the tax records, but a financial disclosure from Ivanka Trump when she joined the White House ...
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