US Congress Can Still Seek Trump Tax Records, Court Decides
Umer Jamshaid 25 days ago Thu 14th November 2019 | 11:20 AM
Washington, (UrduPoint / Pakistan Point News - 14th Nov, 2019 ) :Congress can request nearly a decade of Donald Trump's tax filings, an appeals court said Wednesday, striking a new blow to the US president as he attempts to keep his financial records out of Democrats' hands.
Democrats are seeking Trump's tax returns from 2011 to 2018 as part of wide-ranging congressional investigations into the president's business affairs after he reneged on a campaign promise to release his financial records.
The lawmakers are investigating whether Trump inflated the value of assets to obtain loans and in April subpoenaed "statements of financial condition, annual statements, periodic financial reports, and independent auditors' reports prepared, compiled, reviewed or audited by Mazars." The White House, which has characterized congressional investigations into the president as "harassment," argued that Congress did not need the information to fulfill its role as legislator.
Democratic 2020 presidential hopeful Joe Biden lauded the decision, tweeting that "the American people deserve to know what Donald Trump is hiding in his tax returns."The decision is the latest setback for Trump as Democrats on Wednesday also launched a new phase of high-stakes televised impeachment hearings.