Page 9 - Audit Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Panel. and you just made the most eloquent case for why we should have released the tax returns. you know, back in the ways and means executive session ten days ago, the debate was were the reports enough, or did the american public really need to see the returns? i think once the returns were leaked this morning, we've seen, you know, great journalists around the country look deeply into what exactly happened. that's been very, very helpful. and all of the things that they just said, that first of all, that the irs audit process was broken, that they added eight years of barack obama's and on...

Heart's content. they have tax returns make you. cadet but on top the long standing tradition voluntarily releasing taxes to the public. every president, since the year 1977 has been required to undergo mandatory irs artists of their taxes. while that president is in office. this week, two congressional -- revealed the blockbuster news that somehow, somehow, president trump's taxes did not, did not undergo that mandatory audit. trump's taxes did not get audited, in fact, until democrats in the house of representative started asking questions. and that was in the year 2019. which was considerab...

And my point is that, that was a legislative purpose with which we won for federal court decisions and three courts. we argued for an examination of how the audit process played out. once staff went to visit the irs, and one staff had a chance to go to some of the other locations within the jurisdiction of the irs, they quickly concluded that in fact, the audit did not occur. there were no audits in a timely manner. and i think that goes for 2017, 2018, and 2019. and i am restrained by the speech and debate clause by talking about the other issue that we had on our agenda. so the mandatory adm...

Presidents have in terms of their finances. i think where the republicans will have a point is that originally democrats said look this is just about this audit process. we only want to know about this audit process. i don't think of anyone really believed that and now they definitely won't believe that because in the last couple of weeks it is just like okay, the house is about to change hands, here it all is. and i do think that sort of undermines the original claims from the chair. >> look, it is happening in a few minutes according to lauren fox on capitol hill, we may not, we may know a l...

Courts, but may get more information to power her appeal. and then imagine how many people who he has done business with who are going to pore over these documents and determine hey, this loss that he claimed when he dealt with me wasn't really a loss, and now i have a fraud claim too. so this is a very bad circumstance for donald trump. >> i'm glad you brought this up, because debt is an issue, right. one of the reasons why we care as americans about whether our president has foreign investments that can be leveraged against him, whether there are conflicts of interest. there is a kind of pub...