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DOJ tells IRS to release Trump’s tax returns

Move would see six years of ex-president’s financial information made public

DAVID YAFFE-BELLANY AND LAURA DAVISON

The Justice Department directed the Treasury Department to hand over former president Donald Trump’s tax returns to Congress, a move that means six years of Trump’s personal and business financial information could become public.

“We conclude that the Secretary must comply with the Ways and Means Committee’s June 16, 2021 request” for the tax returns and related tax information, the department’s Office of Legal Counsel said in a 39-page opinion posted on its website Friday.

The decision reverses a 2019 opinion that the Treasury Department shouldn’t release the returns, which the department now says “rested upon the assertion that the Committee was disingenuous about its true objective in seeking President Trump’s tax information.”

The move marks the latest and perhaps one of the final salvos in the years-long political standoff between Trump and Democratic leaders in Washington and New York over access to the former president’s tax returns. Reporting by the New York Times in 2020 suggested Trump paid no federal income taxes for years.

The opinion says the Ways and Means Committee, which is controlled by Democrats, can choose to publish a report about Trump’s income and tax information based on the IRS returns, effectively making his tax returns public.

House Speaker Nancy Pelosi said in a statement Friday that access to Trump’s tax returns “is a matter of national security.”

“The American people deserve to know the facts of his troubling conflicts of interest and undermining of our security and democracy as president,” she said.

But Rep. Kevin Brady of Texas, the top Republican on the Ways and Means panel, said the Justice Department opinion “sets a dangerous precedent that weaponizes the tax code by giving Congress the dangerous power to rummage through anyone’s private tax returns for purely political reasons.”

A Treasury spokesperson referred questions to the Justice Department. Officials at the IRS and Justice Department didn’t immediately respond to questions about when the documents would be sent.

WORLD

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2021-07-31T07:00:00.0000000Z

2021-07-31T07:00:00.0000000Z

https://torontostar.pressreader.com/article/281741272460820

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