Mnuchin says courts need to settle fight over Trump's taxes

Treasury Secretary Steve Mnuchin testifies about the budget to a Financial Services and General Government subcommittee, Wednesday May 15, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
Treasury Secretary Steve Mnuchin testifies about the budget to a Financial Services and General Government subcommittee, Wednesday May 15, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

WASHINGTON — Treasury Secretary Steven Mnuchin (mih-NOO'-shin) says it's up to the courts to referee his dispute with House Democrats demanding access to President Donald Trump's tax returns.

Mnuchin tells a Senate panel that the fight between the administration and Rep. Richard Neal, the House Ways and Means Committee chairman, "will go to the third branch of government to be resolved."

Mnuchin is sticking to earlier arguments that Neal's demand for Trump's taxes would set a precedent that lawmakers could pursue confidential tax information for political purposes.

Mnuchin calls it "a very important issue that has a precedent way beyond any one president and Congress."

Neal, a Massachusetts Democrat, has subpoenaed six years' worth of Trump's returns. He's set a Friday deadline for the IRS to deliver them.

Must Read

The Latest: Trump calls Clinton 'bigot' who only...

Aug 25, 2016

Donald Trump is declaring that Hillary Clinton 'is a bigot' in his latest outreach to minority...

California lawmakers approve extension of climate...

Aug 25, 2016

California lawmakers have approved a 10-year extension of the state's landmark climate change law

Iowa at center of debate over 'shadow insurance'...

Aug 30, 2016

Life insurance companies are setting up "shadow insurers" to take on some of their liabilities and...

Apple says several billion dollars set aside for...

Sep 1, 2016

Apple's chief executive says the company has put aside "several billion dollars" to pay tax...

Low taxes at dozens of firms in spotlight after...

Sep 6, 2016

After tax ruling against Apple, spotlight turns to dozens of companies that have boosted earnings...

About Us

The World Insiders brings you exclusive coverage from across the globe in a timely, easy to consume format sourced directly from our regional media partners.

Contact us: sales[at]theworldinsiders.com

Subscribe Now!