Senate Does Not Want to See President Trump’s Tax Returns

Senate Does Not Want to See President Trump’s Tax Returns

As Chairman of the Senate Finance Committee, Senator Chuck Grassley (R-Iowa) has the authority to request President Trump’s income tax returns, but Monday he said he will not seek them.

“I don’t want to see them,” the Iowa Republican said. “I am not going to request them…I look at that not from the point of view of Trump, but what is legitimate for Congress to do, looking at people’s tax returns.”

Last week, House Ways and Means Committee Chairman Richard Neal, (D-Mass), asked the Internal Revenue Service for 6 years of President Trump’s business and personal tax returns.

Under the nation’s tax code, committee chairmen from the House Ways and Means Committee, the Senate Finance Committee, or the chairman of the Joint Committee on Taxation can request tax information.

“It is supposed to serve a legislative purpose,” Senator Grassley said, and not to use the IRS “for political purposes.”

The only reasons tax returns should be sought is to determine if people are avoiding taxes or how they are using tax loopholes, he added.

Senator Grassley also discussed statements from Representative Devin Nunes (R-CA), who said over the weekend he plans to send the Department of Justice 8 criminal referrals alleging misconduct during the Trump-Russia probe.

“If Hillary Clinton had been elected President none of this stuff would have been known, so I just congratulate him on being a patriotic person, following through, even though he is in the minority making sure justice is done,” said Senator Grassley.

Making and Keeping America Great!

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.