CNN obtained a letter sent by the IRS by Chairman Richard Neal of the House Ways and Means Committee requesting six years of President Donald Trump's personal and business tax returns.
"In a letter to the IRS sent Wednesday and first obtained by CNN, Neal cites a little known IRS code in his request for six years of Trump’s personal tax returns from 2013 to 2018," CNN reported. "He also requested the tax returns of eight of Trump’s business entities, a nod to escalating pressure from liberals in the caucus who have argued that Trump’s personal returns wouldn’t sufficiently paint a picture of the President’s financial history," CNN added. President Donald Trump reacted to the news on Wednesday. "Is that all? Oh, usually it’s 10 so I guess they’re giving up," Trump said. "Now, we’re under audit, despite what people said. We’re working that out as — I’m always under audit it seems. But I’ve been under audit because the numbers are big and I guess when you have a name you’re audited," Trump continued. "But until such time as I’m not under audit I would not be inclined to do that," Trump added. "Under the Internal Revenue Manual, individual income tax returns of a President are subject to mandatory examination, but this practice is IRS policy and not codified in the Federal tax laws," Neal said. "It is necessary for the committee to determine the scope of any such examination and whether it includes a review of underlying business activities required to be reported on the individual income tax return," Neal added. "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 the emotion of the moment or partisanship," Neal said on CNN. "I trust that in this spirit, the IRS will comply with federal law and furnish me with the requested documents in a timely manner," Neal added.
Comments
|
America's Source of Pro-Trump News
Reed Cooper
Reed Cooper is a seventeen-year-old die-hard supporter of President Donald Trump and has supported him since day one. Reed wears Trump shirts everyday and has for the past five years. He is the author of all news articles on "Reed Cooper News."
Contact Us
SHOP
Trump "Keep America Great" Cap - FREE SHIPPING
$20.00
$15.00
FREE SHIPPING ONLY IN US! Show off your patriotism by wearing BEST President Trump's new icon featuring the new "Keep America Great" slogan and a American flag on the side. |