U.S. Donald Trump 2018 Midterms Democrats will use their new House majority to demand President Donald Trump’s tax returns as they subject the administration to a tough new regime of oversight. MSNBC’s Ari Melber first reported Tuesday night plans by Representative Richard Neal, ranking member of the House Ways and Means Committee, to use his powers as committee chairman to see the returns. Massachusetts Democrat Neal, who is expected to lead the committee after Democrats took hold the of House in Tuesday's midterms, told CNN in October that he first plans to ask Trump for the tax returns, and if the president refuses, Neal will use an obscure 1924 IRS code law to formally request them. "I think we would all be comfortable if this was done on a voluntary basis," Neal said. "If they would resist the overture then I think you could probably see a long and grinding court case." Trump broke with decades of precedent when he launched his bid for the … [Read more...] about Donald Trump Tax Returns: Democrats Will Demand President’s Records With House Majority
Donald trump tax
opinion Joann M. Weiner Opinion contributor Published 4:00 AM EDT Oct 15, 2018 In the waning days of the 2016 presidential election, we learned that Donald Trump lost nearly $1 billion in a single year. This peek into his tax situation led his opponent Hillary Clinton to charge that Trump was refusing to release his tax returns because they’d show he didn’t pay any federal income taxes. Trump retorted, “That makes me smart!” At a later campaign rally, he said that he used the tax code “brilliantly.” Does paying no federal taxes make Trump the smartest tax guy in the room? That depends on what being smart about taxes implies. If it’s legal tax avoidance, that’s OK, but if it’s illegal tax evasion, that’s not OK. We recently got a glimpse into the tax avoidance/tax evasion conflict when The New York Times charged in an investigative repor that Trump has engaged in suspect tax schemes, some of which were … [Read more...] about Donald Trump, tax genius or tax con man? We need to see his returns.
U.S. Donald Trump The New York State Department of Taxation and Finance shortly after The New York Times published a report Tuesday that President Donald Trump committed tax fraud in gaining at least $413 million from his father's real estate empire, announced that it is “vigorously pursuing” an investigation of the newspaper’s findings. "The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation," a spokesman for the department, James Gazzale, told Newsweek in an email Tuesday afternoon. In its lengthy investigative piece based on hundreds of thousands of tax and financial documents, The Times reported that Trump received $413 million or more in today’s dollars from his father Fred’s real estate empire, and that he did so largely through dodging taxes in the 1990s. The story runs counter to Trump’s longtime claim that he was a self-made billionaire, which he touted in … [Read more...] about Donald Trump Tax Fraud Allegations Being ‘Vigorously’ Pursued by New York Authorities
U.S. Donald Trump Tax Returns Rhode Island 2020 Presidential Ballot Donald Trump made headlines throughout the 2016 campaign for his refusal to release his tax returns to the public. Now, if he doesn't comply to disclose that information in the lead-up to the 2020 election, he could find his name stripped from the ballot in some states. The Rhode Island Senate on Tuesday passed a bill that would require all presidential candidates to make their tax returns from the past five years available for voters to see, or risk being left out at the polls. Lawmakers approved of the bill overwhelmingly, 34 to 3. The legislation will now move on to the statehouse for a vote. The Democrats who run Rhode Island's state Senate told The Providence Journal that “tax returns provide essential information about candidates’ conflicts of interest, and other vital information to a voter weighing a decision." Republican presidential nominee Donald Trump … [Read more...] about Donald Trump May Not Be on the 2020 Election Ballot in Some States Unless He Releases His Tax Returns
U.S. Donald TrumpTens of thousands of people marched through midtown Manhattan and dozens of U.S. cities on Saturday to demand that President Donald Trump release his tax returns and to dispute his claim that the public does not care about the issue.Organizers of "Tax March" in more than 150 cities across the country and beyond wanted to call attention to Trump's refusal to disclose his tax history, as his White House predecessors have done for more than 40 years.The marches coincide with the traditional April 15 deadline for U.S. federal tax returns, though the filing date was pushed backed two days this year.There were no reports of violence or arrests, in contrast to a clash between Trump supporters and opponents that erupted at a rally in Berkeley, California, where nine people were arrested.Recommended Slideshows5150 Highest Paying Jobs in the United States5150 Best-Selling Albums in U.S. History51In Pictures: The 50 Most Powerful Military Forces in the … [Read more...] about Donald Trump’s Tax Returns: Thousands Rally Demanding Their Release