Ways To Obtain President Trump’s Tax Returns
Dear Friends & Neighbors,
Tax (presented at: WindermereSun.com)
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Democrats tried 17 different times to obtain President Trump’s tax returns over the past two years. Now they may finally get them, in the video “How Democrats plan to get Trump’s tax returns in 2019“, below:
According to sources familiar with Democrats’ first new piece of legislation to be introduced, there will be a provision in the new bill that would require presidential nominees to disclose 10 years of tax returns shortly after they become the nominee. Vice presidential nominees would also be required to disclose 10 years of their tax returns. Subsequently, the tax returns would be posted on the Federal Election Commission‘s website for public viewing. This provision would be included in H.R.1, a bill making sweeping ethics changes and laying out Democratic priorities on voting rights and health care.
Trump has refused to release his tax returns repeatedly, using the reason or excuse that he is under IRS audit. But being under IRS audit does not preclude some one from being able to disclose his or her tax returns. In his first press conference after the midterms in early November of 2018, President Trump repeated his claim that he cannot release his tax returns even with Democrats controlling the House. Here’s why, in the video “Why Trump will not release his tax returns“, below:
- Damage to Trump from having people looking into Trump’s tax returns and finance would be far greater than Trump’s refusal to release his tax returns
- Trump may not be as wealthy as he claims, if his tax returns are disclosed
- There may be ties between Trump and Russian oligarchs or banks if his tax returns are disclosed
- Trump’s wealth may have been built mostly, if not entirely, by the safety net provided by his father, if his tax returns are disclosed
The House Ways and Means Committee plans on holding a hearing on the tax provision in H.R. 1 at the end of the January of 2019. But the partial government shutdown may delay the process as a result of House Democrats spending much of their time in negotiating to reopen the government. In addition to taking the legislative approach, Democrats being well aware of the possibility that this bill may not be signed into law, therefore the House Ways and Means Committee is also trying to obtain Trump’s tax returns via another route. Democrats believe Rep. Richard Neal of Massachusetts, the incoming chairman of the House Ways and Means Committee, has the power to obtain Trump’s tax returns from the Secretary of Treasury of the Treasury Department, under the provision of 1924 federal tax code mentioned above.
Perhaps, in addition to trying to introduce a legislation that would have these conditions: (requiring presidential nominees to disclose 10 years of tax returns shortly after they become the nominee. Vice presidential nominees would also be required to disclose 10 years of their tax returns. Subsequently, the tax returns would be posted on the Federal Election Commission‘s website for public viewing), I wonder if an alternate Parliamentary Republic system would have avoided much of the problem we’ve seen in recent years and whether scholars would consider transitioning into a Democratic Parliamentary Republic would be a feasible solution in the future (more on Parliamentary Republic will be embellished in our next post).
You may also be interested in :
- this video “Laurence Tribe: President Donald Trump Can Be Indicted For Federal Crimes, The Last Word of MSNBC“, below:
- The Cult of the Presidency: America’s Dangerous Devotion to Executive Power
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker
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