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President Trump’s Taxes

As Americans approach the deadline to file their taxes…another attempt surfaces to see the President’s.

Why this time is different…
&
Why It Matters

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What’s the Latest?

  • Congressman Richard Neal (D-MA) is requesting 6 years of President Trump’s taxes, but he’s not asking the Pres. for them.
  • His argument: Congress has the job of oversight (making sure programs work). The IRS audits the taxes of sitting elected leaders, but Congress doesn’t know if the IRS does a good job. Rep. Neal wants to check.
Now You Know

“This request is about policy, not politics; my preparations were made on my own track and timeline, entirely independent of other activities in Congress and the Administration. My actions reflect an abiding reverence for our democracy and our institutions, and are in no way based on emotion of the moment or partisanship.”

Chariman Neal, House Ways & Means
Read The Letter
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“While the committee has jurisdiction over taxes, it has no power to conduct its own examination of individual taxpayers… His request is a transparent effort by one political party to harass an official from the other party because they dislike his politics and speech.”

Lawyer William Consovoy who represents the President.
Lawyer's Letter
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BIG PICTURE

New attempt at an old request.

  • Democrats have wanted Pres. Trump’s taxes since before the 2016 election, to expose discrepancies in his reported wealth or conflicts of interest.
  • The IRS regularly audits the taxes of Presidents & VPs. Fun fact: their returns are required to be securely kept in orange folders.
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What You Should Know:

  • Your taxes are confidential, but the IRS can share your info in certain circumstances such as for background checks.
  • Legally, Pres. Trump does not have to reveal his tax returns.
  • Pres. candidates have voluntarily disclosed their tax returns (in some form) since 1980.
  • Lawmakers don’t have to release their taxes.
Now You Know

The Pres' attorney says if the IRS provides Congress with POTUS' taxes it will set "a dangerous precedent" using "tax returns as a weapon to attack, harass, & intimidate their political opponents." What do you think? Should every politicians (not just presidents) disclose their taxes?

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