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Mnuchin says he will not comply with the subpoena for Trump's tax return



Finance Minister Steven Mnuchin said Friday he will not hold a summons from the House Democrats for President Trump's tax return for six years.

In a letter to the Massachusetts Democratic delegate, Richard Neal, the chairman of the House Ways and Means Committee, Mnuchin, said the request "lacked a legitimate legal purpose", and said his department would "request the returns and Do not disclose return information ".

HOUSE DEMOCRAT SUBPOENA'S MNUCHIN, IRS FOR TRUMP'S TAX RETURNS

Mnuchin said he consulted with the Department of Justice in deciding. He had received a Friday deadline from Neal to comply.

Neal gave Mnuchin and IRS Commissioner Charles Rettig subpoenas for tax returns last week.

"Although I do not take this step lightly, I believe that this action succeeds. We are the best opportunity to succeed and obtain the requested material," Neal said in a statement. "I sincerely hope that the finance department will provide the material requested next week so that the committee can get started quickly." and throughout his term as he refused to publish his financial information. Trump has repeatedly claimed that his tax returns are complicated and he has claimed that he will not release them as long as they are audited by the IRS.

Last week, the New York Times received Trump's federal income tax returns between 1

985 and 1994. The records indicated that Trump had lost $ 1.17 billion through its real estate business during that decade. The Times added that they compared Trump's tax information with those of other high-income individuals and found that Trump apparently lost more money than almost any other American taxpayer. The newspaper also reported that the losses were so significant that Trump was able to avoid the payment of income taxes in the eight of the ten years in question.

Since their majority stake, the House Democrats have targeted Trump's tax returns and financial documents in Congress in January. As part of their ethics package quoted by Trump's lawyers on Wednesday, Democrats called on presidents to provide at least ten years of their tax returns to the public, as Trump apparently did.

Edward Lawrence and The Associated Press of Fox News have contributed to this report.


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