Dems Renew Effort to Get Trump’s Financials
A powerful Democrat-led House Committee is pushing a federal judge to order Donald Trump to comply with a subpoena for his financial records, arguing he no longer has a viable claim to withhold materials now that he is out of office, according to a source familiar with the matter.
The move from the House Oversight Committee, led by the chair Carolyn Maloney of New York, marks the latest attempt from the Democrats in their years-long endeavor to secure Trump’s tax records and related documents, in a case testing the scope and limits of Congress’s oversight authority.
The thousands of documents turned over by Trump’s accounting firm Mazars USA include tax returns from January 2011 to August 2019, as well as financial statements, engagement letters and communications related to financial disclosures, a spokesperson for the district attorney’s office said. But in a separate decision, the Supreme Court ruled last summer that Congress could not see many of the same records, saying instead the case should be returned to lower courts on account of “significant separation of powers concerns” surrounding the issue.
Just a reminder that Janet Yellen could turn over Trump's tax returns to Congress if she wanted to. And in fact, she legally needs to.https://t.co/tKiLsyUlwC
— Citizens for Ethics (@CREWcrew) May 7, 2021
Prosecutors with the Manhattan district attorney’s office in New York obtained the former guy’s tax records in March, just hours after the Supreme Court denied Trump’s last-ditch attempt to keep them concealed. But, as they are part of a law enforcement investigation, they have not so far been released.
“While the committee’s need for the subpoenaed information has not changed, one key fact has: plaintiff Donald J Trump is no longer the president,” Douglas Letter, the general counsel for congressional Democrats, wrote in a motion filed last week in the US district court for the District of Columbia. “Because he is no longer the incumbent, the constitutional separation-of-powers principles that were the foundation of the supreme court’s recent decision are significantly diminished,” Letter wrote.
Reminder Trumps tax bailout which ballooned the deficit for the rich included deductions for private planes. https://t.co/XIsh1YwaPg
— Patricia Arquette (@PattyArquette) May 6, 2021
If successful, the committee would be a step closer to obtaining Trump’s tax records and potentially making them public.
House Democrats seeking Donald Trump’s tax returns argued that their subpoena should no longer be held to the same legal standards that applied when Trump was president https://t.co/BAQhhpP7l8
— Bloomberg (@business) May 6, 2021