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CNN CNN Newsroom June 4, 2024 14:26:00

Here, directing her to provide information that just wasn t accurate under oath. both of those things can coexist. now, look, you can say you may be in trouble with your statements here, but lying is itself an act of perjury so be careful. let s talk about trump s taxes here. first of all, to the justification for accessing these returns and now releasing them. the committee their argument from the beginning had been we re doing this not to expose trump s dirty laundry, in effect, we re doing this because we want to assess whether mandatory auditing of presidential tax returns was actually happening. is that are they following that, right? given that, yes, they are looking into that, they say it didn t work and that seems to be important, but they are also going to release the other information. right. they are following it because the law allows them to have access to individual tax returns and work with them toward legislation and so on, right? ....

Wasn T , Save America Political Action Committee , Let S Talk About Trump , Tax Returns , Didn T ,

CNN CNN Tonight June 4, 2024 06:02:00

Tenure as president, the mandatory reporting, or mandatory auditing requirements under the irs code book, under their internal rules, was completely avoided. i find that stunning to think that that could have been the case. and just the idea, and again, you talk about some of the criticism of the why now and the idea, is there really a legitimate legislative purpose here? there is the statements by some republicans that this was all pretextual. that hold on, a lame duck congress is suddenly wanting these, which is not true. it s been years in the making, number one. but the idea you described sounds to me like there might be a legitimate legislative hook to say was a law actually followed? did the process actually take place? what do you say to those who look at this though and say this is, come on, you can t do anything about this at the end of a democratic-run house ways and means committee. what is the point of this? what do you say? first of all, we initiated this in 2019 with ....

Donald Trump , Code Book , Hold On , Lame Duck Congress , Number One , House Ways And Means Committee ,

CNN Inside Politics With John King June 4, 2024 17:38:00

Healthy or helpful, if you will. i wanted to before we let you go talk a little bit more about the criticism from the committee of the irs and its auditing. the committee says its investigation revealed only one mandatory audit was started under the prior administration and the program was otherwise dormant at best. this is what democrats are using as justification for legislation. here is what democrat dan kildee of michigan said. in 2019 with the intention of determining whether we needed to take up legislation to address what seemed to be a weakness in the audits of presidents. the reason it took so long was because of donald trump. those returns raise all sorts of red flags and we think in order for congress to act and the american public to judge our actions we have to look at both of those facts. what do you make of his argument? i think here s the problem oh, sorry. ....

Ways And Means Committee , Dan Kildee , Donald Trump , The American ,

MSNBC Andrea Mitchell Reports June 4, 2024 17:27:00

Mandatory requirement and failed to audit former president trump s taxes. he was president at the time. only began auditing on the very day that house democrats first asked to see an audit. the long awaited revelations which trump fought all the way to the supreme court also show that he paid no federal income tax at all in 2020 and included thousands of dollars in write-offs made in cash without any documentation. democrats will be releasing six years of trump s tax returns in the coming days after removing social security numbers and other private details. joining us now is jimmy gomez who helped write the report and was in the meetings yesterday. i want to dig into details with you. trump started his presidency in the red. his fortunes turned in 2018 and 2019 and he reported big losses during the pandemic. he paid zero dollars in federal tax in 2020. ....

Donald Trump , Biden Doesn T , White House , Supreme Court , Income Tax , January 6th Final Report , Tax Returns , Jimmy Gomez , Social Security Numbers , In The Red , Zero Dollars ,

CNN CNN Newsroom With Ana Cabrera June 4, 2024 18:26:00

well, some of this the irs would be trying to request from trump or his tax representatives in the process of conducting these audits. so, for example, in the summary information that has been released so far, we see that trump had some taxable income abroad. we don t know where that income was, you know, what it s from, for example, we don t know who we don t know what was generating this money for him. that may not itself be in the tax documents. they may not be in the tax return but if the irs in the process of auditing all of this requested documentation saying, where did you get this money from? what property was it based on or what other corporate endeavor did this come from? it might be in the irs own files but we also know, unfortunately, from this report that trump s tax representatives were extremely difficult to deal with in the process of this ....

Summary Information , Tax Representatives , Tax Return , Tax Documents ,