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Keyword: trumptaxes

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  • Trump loses New York court fight to keep his tax returns secret

    10/07/2019 6:18:27 AM PDT · by blueyon · 71 replies
    CNBC.com ^ | 10/07/19 | Jacob Pramuk
    President Donald Trump lost Monday in his effort to stop the release of his personal and corporate tax returns as part of a criminal investigation in New York. Trump immediately appealed the decision handed down in U.S. district court in lower Manhattan. In August, Manhattan District Attorney Cyrus Vance Jr. subpoenaed eight years of the president’s tax returns from account firm Mazars USA. The prosecutor is probing hush money payments made to two women, Stormy Daniels and Karen McDougal, ahead of the 2016 election.
  • Federal judge blocks California law to force disclosure of Trump’s tax returns

    09/19/2019 2:06:00 PM PDT · by Innovative · 29 replies
    LA Times ^ | Sept. 19, 2019 | John Myers
    A federal judge ordered a temporary injunction Thursday against California’s first-in-the-nation law requiring candidates to disclose their tax returns for a spot on the presidential primary ballot, an early victory for President Trump but a decision that will undoubtedly be appealed by state officials. U.S. District Judge Morrison England Jr. said he would issue a final ruling in the coming days but took the unusual step of issuing the tentative order from the bench. He said there would be “irreparable harm without temporary relief” for Trump and other candidates from the law signed by Gov. Gavin Newsom in July. Morrison...
  • Eight years of Trump’s tax returns subpoenaed by Manhattan District Attorney Cyrus Vance Jr.

    09/16/2019 12:14:51 PM PDT · by mplc51 · 49 replies
    CNBC ^ | 09/16/2019 | dan mangen
    The Manhattan District Attorney’s office has issued a subpoena for eight years of President Donald Trump’s personal and corporate income tax returns, according to a new report. The New York Times said the subpoena from DA Cyrus Vance Jr.’s office, was issued last month to Trump’s accounting firm, Mazars. Vance’s office was already known to be investigating Trump’s company.
  • Trump-appointed judge to hear lawsuit over president’s tax returns

    07/03/2019 1:34:33 PM PDT · by jazusamo · 31 replies
    The Washington Times ^ | July 3, 2019 | Stephen Dinan
    The House Democrats’ lawsuit demanding the government turn over President Trump’s tax returns has been assigned to a judge Mr. Trump appointed to the district court in Washington, D.C. Judge Trevor N. McFadden will get first crack at the case, which could set the standard for how far Congress’s investigative powers extend, and whether the administration has the ability to resist some requests. Democrats say the Treasury Department is defying a legal subpoena and a request under the tax law, which gives the Ways and Means Committee chairman the right to demand to see any tax return.
  • Breaking, Barr Tells Congress They Are Not Getting Trump’s Taxes

    06/15/2019 11:46:34 AM PDT · by bitt · 64 replies
    thefederalistPAPERS ^ | 6/14/2019 | reuters
    U.S. Treasury Secretary Steven Mnuchin did not violate the law by refusing to provide President Donald Trump’s tax returns to Congress because the confidentiality of returns is protected under the law, the Justice Department said in a legal opinion released on Friday. Federal law “protecting confidentiality of tax returns prohibited the Department of the Treasury from complying with a request by the Chairman of the House Ways and Means Committee for the president’s tax returns,” a department official said in the opinion provided to the Treasury Department. The memorandum from Assistant Attorney General Steven Engel, who heads the Office of...
  • American taxpayers paid over $90 billion more under Trump tax law

    06/03/2019 5:03:45 PM PDT · by frogjerk · 65 replies
    Yahoo ^ | Kristin Myers
    The Tax Cuts and Jobs Act (TCJA) that was passed in December 2017 saw the majority of Americans get a tax break. The law was widely criticized as a boon for the wealthy and large businesses which saw their corporate tax rate drop from 35% to 21% last year. According to analysis from the Tax Policy Center, 65% of Americans received a tax cut. Roughly 6% paid more.
  • Treasury Secretary Rejects Democrat’s Subpoena for Trump’s Tax Returns

    05/19/2019 8:23:50 AM PDT · by Steve1999 · 5 replies
    The Epoch Times ^ | 19-05-19 | IVAN PENTCHOUKOV
    WASHINGTON—Treasury Secretary Steven Mnuchin refused to comply with a congressional subpoena for President Donald Trump’s tax returns on May 17. Mnuchin rejected the request from House Ways and Means Committee Chairman Richard Neal, a Democrat, saying that it lacks “a legitimate legislative purpose.” Neal’s request is one of a battery of efforts by Democrats targeting Trump that they initiated after gaining control of the House of Representatives in the 2018 midterm election. Trump refers to these efforts as “presidential harassment.”
  • Is it huge news that Trump once lost money and took tax writeoffs?

    05/09/2019 3:42:10 AM PDT · by knighthawk · 29 replies
    Fox News ^ | May 09 2019 | Howard Kurtz
    The dense and lengthy New York Times report says a great many things about Donald Trump's finances, but it does not say one potentially damaging thing: that he broke the law. Instead, it is a portrait of a high-flying developer who lost a whole lot of money at times — mostly other people's money — while at times also making money. It is a portrait of a businessman who often avoided paying taxes — legally — just like most entrepreneurs in the loophole-ridden real estate business.
  • Cuomo’s Trump Bill of Attainder

    05/09/2019 3:23:32 AM PDT · by reaganaut1 · 10 replies
    Wall Street Journal ^ | May 8, 2019 7:17 p.m. ET
    If Donald Trump’s claims of executive privilege are a threat to the Constitution, as his critics now claim, what are we to make of the unprecedented bill of attainder against Mr. Trump now moving through the New York Legislature? Every President in memory has claimed executive privilege, but New York Democrats want to hand over the state tax returns of one man, the U.S. President, to Congress. Our friends at the New York Sun call this an act of “constitutional nihilism,” and they’re not overstating the point. Encouraged by Governor Andrew Cuomo, a Joe Biden man, the Albany Democrats are...
  • Matthews: Trump ‘Wouldn’t Have Won’ if His Tax Returns Were Public

    05/08/2019 6:51:29 AM PDT · by ChicagoConservative27 · 71 replies
    Breitbart ^ | 05/07/2019 | Ian Hanchett
    On Tuesday’s broadcast of MSNBC’s “Hardball,” host Chris Matthews stated that if President Trump’s tax returns had been publicly known, “He wouldn’t have won” the 2016 election. Matthews said, “He wouldn’t have won. That’s the catch-22. If the American people found out the guy’s prancing around with the airplanes and skyscrapers, and he owns everything in the world, golf courses all over the world, and he doesn’t pay any taxes, they’d say, that’s not fair. You can’t be our leader. I think even the people in Pennsylvania, Wisconsin, and Michigan would say, at the margin, he’s not my guy. My...
  • BREAKING: New York Times Obtains Trump’s Tax Docs From 1985 to 1994

    05/07/2019 6:15:30 PM PDT · by bobsunshine · 165 replies
    The Gateway Pundit ^ | May 7, 2019 | Cristina Laila
    The New York Times obtained 10 years of Donald Trump’s tax documents from his federal income tax returns — for the years 1985 – 1994. To be clear, The Times did not obtain Trump’s actual tax returns, rather they obtained printouts from his IRS transcripts with numbers from his tax form, 1040, from an individual who had legal access to them..... At first glance, it is being reported that Donald Trump core businesses (hotels, apartment buildings and casinos) took a $1.17 billion loss. Big deal, he’s in the real estate business which fluctuates all the time. The Times also said...
  • Mnuchin rejects Democrats’ demand to hand over Trump’s tax returns, all but ensuring legal battle

    05/06/2019 2:49:45 PM PDT · by tcrlaf · 102 replies
    WashPost ^ | 5-6-2019 | Damien Paletta
    Treasury Secretary Steven Mnuchin on Monday told House Democrats he would not furnish President Trump’s tax returns despite their legal request, the latest move by Trump administration officials to shield the president from congressional investigations. Mnuchin, in a letter to House Ways and Means Committee Chairman Richard Neal (D-Mass.), said he had consulted with the Justice Department and that they had concluded that it would not be lawful for the Trump administration to turn over the tax returns because of potential violations of privacy. Mnuchin added that requests from Congress “must reasonable serve a legitimate legislative purpose” and that the...
  • Hans von Spakovsky: The fight over Trump’s tax returns will end up in the Supreme Court (trunc.)

    04/17/2019 6:53:19 AM PDT · by libstripper · 18 replies
    Fox News ^ | Apr. 17, 2019 | Hans von Spakovsky
    Should elected officials be allowed to gain access to the federal income tax returns of American taxpayers? When President Nixon tried to do this to get dirt on his political opponents he was deservedly condemned and Congress passed a law in 1976 to bar the practice. But now Democrats want to ignore that law to get their hands on President Trump’s tax returns. Section 6103 of the Internal Revenue Code guarantees the confidentiality of all our tax returns – yours, mine and even President Trump’s. * * * Interestingly, in 1986 a judge on the U.S. Court of Appeals for...
  • Illinois Senate Tells Trump, Show Your Tax Returns Or Be Barred From The 2020 Ballot

    04/13/2019 9:07:38 PM PDT · by NoLibZone · 84 replies
    wbez ^ | 4-11-19 | Dave McKinney
    The Democratic-led Illinois Senate voted Thursday to compel President Trump to release five years’ worth of his personal income tax returns or be barred from appearing on the state’s presidential ballot next year. The state is joining a movement of other Democratic states that aims to force the president to open up his personal finances by releasing his tax returns, something he stubbornly has refused to do and reiterated again this week. During contentious floor debate in the Illinois statehouse, Trump’s name wasn’t mentioned once by the legislation’s sponsor, state Sen. Tony Munoz, a Chicago Democrat who insisted he merely...
  • House oversight chairman will subpoena Trump's accountant

    04/12/2019 5:21:29 PM PDT · by jazusamo · 56 replies
    Fox News ^ | April 12, 2019 | AP
    The chairman of the House Oversight Committee said Friday he intends to subpoena President Donald Trump's accountant for his financial records. Rep. Elijah Cummings, D-Md., told committee members in a letter that Mazars USA wouldn't turn over records for Trump, his company and related entities without a subpoena. Cummings said he expected to issue the subpoena Monday for statements of financial condition, independent auditor's reports, annual statements and other documents spanning from 2011 to 2018.
  • Treasury Declines House Request for Trump’s Tax Returns

    04/10/2019 4:31:08 PM PDT · by Erik Latranyi · 62 replies
    MSN ^ | 10 April 2019 | Alan Rappeport
    The Treasury Department said on Wednesday evening that it would not immediately comply with a congressional request to hand over President Trump’s tax returns, setting up a protracted legal battle between two branches of government.
  • IRS commissioner "working on letter" in response to request for Trump tax returns

    04/10/2019 11:26:52 AM PDT · by Innovative · 21 replies
    CBS News ^ | Apr. 10, 2019 | Emily Tillett
    IRS Commissioner Charles Rettig says his agency "anticipates" responding to congressional requests for President Donald Trump's tax returns amid growing pressure from House Democrats for transparency. During a hearing on the IRS budget before the Senate Finance Committee, Rettig was pressed by Sen. Ron Wyden, Democrat of Oregon, on a request made by House Ways and Means Chairman Richard Neal, Democrat of Massachusetts, who set a deadline of Wednesday for the submission of Mr. Trump's returns.
  • To Get Trump’s Tax Returns, N.Y. Democrats Try a New Strategy (abuse of power)

    04/08/2019 7:50:20 AM PDT · by NRx · 64 replies
    NY Times ^ | 04-08-2019 | Jesse McKinley
    ALBANY — In an attempt to work around the White House, Democratic lawmakers in Albany are trying to do what their federal counterparts have so far failed to accomplish: to obtain President Trump’s tax returns. Albany lawmakers are seeking state tax returns, not the federal ones at the heart of the current standoff in Washington. But a tax return from New York — the president’s home state, and the headquarters of his business empire — could likely contain much of the same financial information as a federal return. Under a bill that is scheduled to be introduced this week, the...
  • White House to Democrats seeking Trump tax returns: 'Never'

    04/07/2019 1:00:01 PM PDT · by Monrose72 · 20 replies
    Reuters ^ | 04-07-19 | Doina Chiacu
    President 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 real estate mogul’s personal finances.Asked on “Fox News Sunday” if congressional Democrats will succeed in obtaining the Republican president’s tax returns, Mulvaney said: “No, never. Nor should they.” He dismissed an effort to obtain the returns, launched on Wednesday by U.S. House of Representatives tax committee Chairman Richard Neal, as a political ploy from Democrats who will never stop attacking Trump.
  • Mulvaney: Democrats will 'never' see Trump's tax returns

    04/07/2019 8:41:23 AM PDT · by yesthatjallen · 25 replies
    The Hill ^ | 04 07 2019 | Michael Burke
    Acting White House chief of staff Mick Mulvaney said Sunday that Democrats will "never" see President Trump's tax returns. "Nor should they. That’s an issue that was already litigated during the election. Voters knew the president could have given his tax returns, they knew that he didn’t, and they elected him anyway," Mulvaney said during an appearance on "Fox News Sunday." He added that Democrats "know they're not going to" get the tax returns. "They just want attention on the issue because they don’t want to talk to us about policy," he said. Last week, House Democrats formally requested Trump's...