Trump despite media myth has been extremely upfront about his tax situation. He wrote a book and admitted he almost lost it all.
He told America during the debates that the tax laws were a joke and he knows firsthand, leading most to assume he used the tax law to his benefit where he could.
What does Pelosi expect to find? Russian dirt probably, and even there she will strike out. Our reporting laws for real estate transactions are meant to shield the wealthy from view – whether they be foreign or domestic millionaires and billionaires.
It is all legal, so even if Russians bought some condo’s in buildings he put his name on for a fee but did not own, it won’t be illegal.
Trumo is right to tell Pelosi no. From Politico:
The Trump administration on Friday rejected House Democrats’ subpoena for the president’s tax returns, pushing the two sides closer to a major court fight.
In a letter to House Ways and Means Chairman Richard Neal (D-Mass.), who issued the subpoena last week, Treasury Secretary Steven Mnuchin reiterated what he told Neal in earlier letters: The administration does not believe Democrats have a “legitimate legislative” reason for seeking the tax filings.
“For the same reasons, we are unable to provide the requested information in response to the committee’s subpoena,” he said.
The decision was no surprise, with Mnuchin indicating earlier this week that he expected the dispute to be settled by the courts. Also, the administration is defying subpoenas from Democrats on several other fronts.
The announcement shifts the focus back to the House, where Democrats intend to try to enforce their subpoena.
They have not said exactly how they intend to do that — that will be up to Speaker Nancy Pelosi (D-Calif.). She could have the entire chamber vote to authorize the House general counsel, Douglas Letter, to file suit against the administration. Another potential, and likely faster, option would be to have a group of House leaders known as the Bipartisan Legal Advisory Group vote to authorize the suit, though there are questions about whether that is allowable under the chamber’s rules.
Either way, a Democratic aide said, it will likely be weeks before a suit is filed in court.
“Given the Treasury Secretary’s failure to comply today, I am consulting with counsel on how best to enforce the subpoenas moving forward,” Neal said in a statement Friday, noting that a subpoena was also issued to IRS Commissioner Chuck Rettig.
“Issuance of these subpoenas should not have been necessary,” he said. “The law provides clear statutory authority for the Chair of the Ways and Means Committee to request and receive access to tax returns and return information.”
Neal has been demanding six years worth of Trump’s personal tax records, along with those of several of his businesses, since early April.