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The democrat subpoena, rejecting his effort to halt it. unless a higher court steps in, this means trump is getting crushed on multiple fronts. this is his second straight offer to defy subpoenas. legislatively, new york state laws passing a new bill requiring congress to get his state returns upon request. and then the executive branch which donald trump runs but doesn't completely control within our system of government. it turns out, the experts at the irs contradict the administration's claim the treasury second can just ignore congressional reports for tax returns which was a hot topic at...

So those state returns could have a lot of the same information. they could cast light on whether he's making money or losing money. we had a report out in "the times" two weeks ago showing he lost almost a billion dollars over the course of a decade in the '80s and '90s. this would be newer information that could cast light on his financial paralysis. >> when i look at this bill, president trump's name isn't on it. when there is discourse surrounding it, it focused on the president and being used in this specific case. >> 100%. republicans say that it's a piece of legislation that is aimed at...

There are investigations, they will be on their own timeline here and that's something that the administration doesn't know how to deal with because there is no way to deal with it. they have to deal with so many different things here. all that said, this is hugely significant because so much of the president's life, career, business is based in new york and you have people leading the government in new york who have been pretty explicit about wanting to conduct real oversight into the president and where you have all sorts of obstruction you could call it in the federal government from admini...

Subpoena from the body of norew york state. state regulators or city regulators speaking to the manhattan district attorney's office, there have been instances where there is even an investigation or something that comes out publicly or has been publicly reported. i'm thinking about michael cohen's guilty plea with his taxes. i am saying i committed tax fraud on my federal returns. pretty good chance he did it on his state returns. something has come out publicly and opens the doors wide open to get a subpoena which is not usually much of a legal hurdle for the regulatory bodies to take a look...

And tax fraud charges against paul manafort in the states of virginia and new york and potentially other places based on his guilty plea. he's admitted to evading taxes and defrauding banks, and if he evaded federal taxes, one can presume that his state returns had the same errors and fraud on them, and so a federal pardon by donald trump of paul manafort would not absolve him of state criminal charges, craig. >> ken delaney stand by for me if you can just for a moment. i want to get to hans nichols here. hans, this new report coming a day after the special counsel's accusation that manafort l...