Page 515 - Audit News Today

Now, they are also congress and they have the right to release something publicly. the problem is that they didnt quite say that thats what the plan was. now, look, any viewer watching probably could have anticipated this outcome, given the extreme public interest in the former presidents tax returns, but they sort of spoke out of both sides of their mouth here, claiming as was their right that they can legislate around this but also then turning around and immediately releasing them which the l...

David cay johnston is here. hes a lecturer at syracuse law school. manu, let me begin with you. because you have been going through this report and i understand speaker pelosi has been going through the report. what did she say? >> she indicated they plan to move on legislation in response to the report, in response to this investigation by the ways and means committee that found that mandatory presidential audit program under the irs had not moved forward. in the words of the committee, it was ...

I stay undetectable with fewer medicines. ask your doctor about switching to dovato. the house ways and means committee only had their hands on former president trumps taxes for a few weeks. check it what they spotted already. they believe the irs are teenage to examine closely. they cared a net operating loss in trump carried a net operating loss in 2015 of $105 million, and then carried that operating loss over for several more years. he made loans to his children, loans that apparently concer...

Mean he should do it. i have heard nothing from anybody, from the various congressman in the committee and elsewhere that provides, that has a connective tissue of a legislative purpose, which is the reason why, he has every reason to look at them, i think he was right to look at them, but to release them publicly creates a moral hazard and a bad precedent and it just feels punitive. and i dont think that that is a good president for the comp country to release private tax returns because he has...

Includes a re-write of election laws aimed at preventing another january 6th-style attack. who would be against that? in the house, the january 6th committee will await its long awaited report on the attack. meanwhile, the house weighs and means committee voted yesterday to make public former president trumps tax returns. it turns out he was lying about that audit the whole time. and then when he was president he forced his treasury director to make it to where he does not get audits even though...

As president. unlike any other person in our country, or, in fact, in the world, and up until president trump, all of our presidents have, in fact, from ford moving forward, released their tax returns, and they were subject to enormous scrutiny from nonprofits sous as well as special interest groups which well not see from this president. >> former president trump said for a long time, he was under audit, we know now, at least through the irs, that program was not happening. delegate stacey plas...

This idea of former president saying theyre only going to me to try to get you. its really you all, the american public, theyre trying to get to. is there a harmful precedent that could be set by looking at a presidents tax returns that could somehow trickle down to the average american, in a way that would cause concern? >> i think were going to set one precedent or another. i worry more about the precedent that says we have suspicion that theres something wrong going on. the irs is not doing i...

He couldnt release his tax returns because he was under audit, and highlights hundreds of millions of dollars in questionable tax deductions, mnuchin, of course, could have proceeded with the audit, every president gets one. i think he was taking a lot of pictures with money, and following donald trumps direction, but finally, the tax returns will be coming to light in full after some redactions, social security numbers and other private information, but there is a 39-page report kind of summari...

Did not want any -- working at the irs to have the responsibility to trigger a tax audit of a president and if it was automatic that no president could complain about it, -- until donald trump made it not automatic anymore. >> and remember, he appointed the irs commissioner who failed in his duty to turn over the returns and many other things. we have been very critical of commissioner redding. but there is a larger issue here, lawrence. we have loaded up the tax code with so many favors to so m...

(The Center Square) – Democrats on the House Ways and Means Committee voted Tuesday to release copies of former President Donald Trump’s tax returns.