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MSNBC The Last Word With Lawrence ODonnell June 4, 2024 06:04:00

Response. chairman neal is now proposing legislation that would strengthen the mandatory auditing of presidential tax returns and right into law. you will recall that donald trump began telling the lie during his first presidential campaign that he could not release his tax returns publicly because they were being audited. as i said at the time, donald trump offered absolutely no proof that his tax returns were being audited. and as i said at the time, all presidents were running for reelection who released their tax returns were releasing tax returns that were under mandatory audit by the irs at the time that they released those tax returns. that is because that there is nothing about an audit that prevents the taxpayer from releasing the tax returns publicly. as of tonight there is no tax ....

Donald J Trump , Tax Returns , Tax Evidence ,

MSNBC The Last Word With Lawrence ODonnell June 4, 2024 03:16:00

Year out. we did not have the personnel who are actually capable of auditing and a highly professional way. anse with it was complex tax returns. that s right, if they didn t do it for donald trump you can be sure that there wasn t a lot of wealthy people most country who are not getting audit and paying their fair share of taxes. so, it s not only the money loopholes that exist then need to be close in our tax laws. work at the congress should be doing but won t next year. it s the way that this is implemented, whether the internal revenue service is actually doing the job. certainly it wasn t under trump. but we need it to enforce our laws and to treat everyone fairly. was that his excuse for not releasing his tax returns? there is an illusion to that law report we the committee ....

Donald J Trump , Tax Returns , Tax Laws , Wasn T , Money Loopholes , Won T Next , Internal Revenue Service , Wasn T Under Trump , House Means Committee ,

MSNBC The Last Word With Lawrence ODonnell June 4, 2024 03:03:00

Law would prevail. rich o neil would get the tax return. anyone who knows the law knows that there s no they re out but to the case. they want to monitor how well the irs was doing on the mandatory auditing of presidents and tax returns. all tax returns for the vice president of united states was supposed to be automatically audit. the most scandalous revelation so far and what o neill has announced is that the irs commissioner simply stopped the mandatory process of auditing presidential tax returns for donald trump. ....

Tax Return , Rich O Neil , Tax Returns , Vice President , Donald J Trump ,

MSNBC The Last Word With Lawrence ODonnell June 4, 2024 06:14:00

That can only be understood with the release of the underlying evidence as well. congressman doggett, what is the point of making the tax returns public? i think she gave a great explanation of it. but basically, it s to understand the failings of the irs and the need for this new federal legislation, you need to see not just the summary that some people might believe or not believe, by the actual returns, to see how many deductions and credits and losses were claimed tens of millions of dollars without adequate substantiation and without adequate investigation or auditing by the irs. the tax returns really make the case. but as we look at the tax returns, as evidence of the need for new auditing legislation, to apply not just republicans but to all of our future presidents, we also need to note a certain lack of fairness in our tax system that ....

Congressman Doggett , The Point Of Making Tax Returns Public , Tax Returns , Tax System , Auditing Legislation ,

MSNBC All In With Chris Hayes June 4, 2024 08:06:00

Nixon on december 13th of 1973 so the chairman of the ways and means committee, rumor wells. and he asked rumor, to have the joint committee should review his tax returns. it began the very day. this idea that this never happened before, 49 years ago it did happen. and we think that the mandatory audit program certainly needs to be bolstered and boosted, and we intend to do it it s part of our new investments. but what i would like to do is acknowledge for real performers. in this undertaking here. steve horsford, once again, this conversation today about the income tax credit and auditing. i have to say, we have a pretty vigorous conversation as a ....

Tax Returns , House Ways And Means Committee , Rumor Wells , December 13th Of 1973 , Audit Program , Income Tax Credit , Steve Horsford ,