Tag Archives: Returns

Trump must release his tax returns or be barred from state’s 2020 election ballot, Illinois senate votes

Trump must release his tax returns or be barred from state’s 2020 election ballot, Illinois senate votesDonald Trump will have to release five years of tax returns if he wants appear on the Illinois 2020 presidential ballot, the state's senate has ruled. The bill, which still requires approval by the Prairie State's House of Representatives, comes amid a growing row in Washington over Mr Trump’s unprecedented refusal to make publicly available his income tax returns. The US Treasury ignored a congressional deadline to release the documents earlier this week. Treasury secretary Steve Mnuchin claimed the request by the House ways and means committee was “politically motivated”. Mr Trump himself has claimed that he cannot release his tax returns because they are under audit, although technically there is nothing preventing him from doing so. In Illinois, the bill would need to be signed into law by Democratic governor Jay Robert Pritzjer, if it passes through the House which is also controlled by Mr Trump's political rivals. Mr Pritzjer is yet to take a public stance on the issue. Tony Munoz, the state senator who sponsored the bill said: “If you want to run for vice president or president of the United States, hey, what’s wrong with providing your tax returns for the past five years?” The veteran Democrat added: “If you’ve got nothing to hide, you shouldn’t worry about anything. That’s how I see it.”But the move drew complaints from Republicans in the senate. “This is, quite frankly, with all due respect to the sponsor, an embarrassing waste of the senate’s time,” said Dale Righter. “This is being pushed by a far-leftist organisation from the city of Chicago that wants to be able to get up and chirp about the president of the United States."Ilinois is not the only state where legislation to codify standard practices surrounding tax disclosures for presidential candidates is being advanced. The Washington state senate last month approved legislation that would legally require all presidential candidates to release the last five years of their personal tax returns in order to have their names featured on both primary and general voting ballots.New Jersey has also advanced a similar bill to the state’s general assembly that would force candidates to disclose their recent tax returns.



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No sign yet of Trump's tax returns, increasing likelihood of court fight

No sign yet of Trump's tax returns, increasing likelihood of court fightThe likelihood of a court fight over President Donald Trump’s tax returns grew on Wednesday when the U.S. Treasury Department showed no sign of complying with a deadline set by Democratic legislators and Trump himself stuck to his refusal to publicly release them. Republican Trump has consistently refused requests by politicians, journalists and others, stating his reason for not doing so is that the returns are under audit. Tax and legal experts have said, however, that an audit should not prevent their public release, a practice presidents have followed for decades.



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American Airlines flight returns to JFK Airport after clipping wing

American Airlines flight returns to JFK Airport after clipping wingThe FAA says American Airlines flight 300 that was bound from New York to Los Angeles landed safely back at JFK at 9:15 p.m. Wednesday.



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Treasury Department misses deadline to hand over Trump's tax returns, asks for more time

Treasury Department misses deadline to hand over Trump's tax returns, asks for more timeThe Treasury Department said it would not hand over President Donald Trump's tax returns by Wednesday.



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Mnuchin Says He Isn’t Afraid of Getting Fired Over Trump’s Tax Returns

Mnuchin Says He Isn’t Afraid of Getting Fired Over Trump’s Tax Returns“I’m not afraid of being fired at all,” he told House Financial Services Chairwoman Maxine Waters, a California Democrat, at a hearing on Tuesday afternoon. House Ways and Means Chairman Richard Neal of Massachusetts has requested six years of Trump’s personal returns as well as those for several of the president’s business entities, citing a law that allows the chairmen of congressional tax-writing committees to request any filer’s returns.



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'You're ordering me to stay': Mnuchin threatens to not return before Congress after grilling on Trump's tax returns

'You're ordering me to stay': Mnuchin threatens to not return before Congress after grilling on Trump's tax returnsTreasury Secretary Steve Mnuchin was confronted with a barrage of questions pertaining to President Donald Trump's tax returns.



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White House says Democrats will never see Trump tax returns

White House says Democrats will never see Trump tax returnsWASHINGTON (AP) — Democrats will "never" see President Donald Trump's tax returns, said White House chief of staff Mick Mulvaney, as a new front opened in the confrontation between the administration and Congress.



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UPDATE 2-White House says Democrats will never see Trump's tax returns

UPDATE 2-White House says Democrats will never see Trump's tax returnsPresident Donald Trump’s tax returns will never be handed over to Democratic lawmakers, White House Chief of Staff Mick Mulvaney said on Sunday, defying an effort in Congress to learn more about the Republican leader’s personal finances. Asked on “Fox News Sunday” if congressional Democrats will succeed in obtaining Trump’s tax returns, Mulvaney said: “Never.



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Democrats will ‘never’ get a hold of Trump’s tax returns, White House says

Democrats will ‘never’ get a hold of Trump’s tax returns, White House saysThe White House acting chief of staff has said Democratic lawmakers probing Donald Trump’s financial dealings will “never” get a hold of the president’s tax returns. Mick Mulvaney lambasted the congressional investigations during a Fox News Sunday interview, suggesting efforts by the House Oversight Committee to request the president’s tax documents from the Internal Revenue Service (IRS) were nothing short of a “political hit job.”Democrats “knew they were not going to get these taxes, they know what the law is, they know that one of the fundamental principles of the IRS is to protect the confidentiality of you and me and everybody else who files taxes, they know that,” Mr Mulvaney said on Sunday. “They know the terms under law by which the IRS can give them the documents but political hit job is not one of those reasons.”“To be clear, you believe Democrats will never see the president’s tax returns?” the host asked him. “Never,” Mr Mulvaney replied. “Nor should they. Keep in mind, that’s already an issue that was already litigated during the 2016 election. Voters knew the president could have given his tax returns, they knew that he didn’t and they elected him anyway.”Mr Trump repeatedly declined to make his tax returns public throughout the 2016 election, despite virtually every other major candidate releasing years of their own returns. The president at the time told voters and media outlets he was unable to present his tax returns due to an ongoing IRS audit. The IRS has said audits do not stop the agency or an individual from being able to provide tax returns, however. The president shot down questions about releasing his tax returns earlier this week, telling reporters in the Oval Office, “they’ll speak to my lawyers.”“They’ll speak to the attorney general,” he added, repeating, “They’ll speak to my lawyers and speak to the attorney general.” Lawmakers on the Democratic-controlled House Ways and Means Committee have requested up to six years of the president’s personal tax returns and several of his businesses no later than 10 April. When asked by reporters on Wednesday if he’d ever release his tax returns on his own, the president told media, “Until such time as I am not under audit, I will not be doing that, thank you.”



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White House to Democrats seeking Trump tax returns: 'Never'

White House to Democrats seeking Trump tax returns: 'Never'Asked on “Fox News Sunday” if congressional Democrats will succeed in obtaining the Republican president’s tax returns, Mulvaney said: “No, never. Democrats countered that Neal’s request to the Treasury Department for Trump’s returns is grounded in law and a needed inquiry, given Trump’s refusal to disclose his tax records and to divest himself of his business interests. This president, by the way, is the least transparent president that we’ve had in half a century,” Democratic Representative Dan Kildee, a tax committee member, told ABC’s “This Week.” Democratic Representative Ben Ray Lujan noted that presidents for decades have voluntarily released their income tax returns.



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