Trump tax return strategy could backfire, recent court decisions indicate - News Summed Up

Trump tax return strategy could backfire, recent court decisions indicate


The Trump administration is fighting back against the House Democratic push to obtain the president's past tax returns, but two court decisions in recent days indicate it's possible the administration's strategy could backfire. Recent rulings from two federal courts went against President Trump in his efforts to block subpoenas from financial institutions. Whether a president's tax returns enjoy greater protection remains to be seen. Grewal notes that while congressional committees do have broad authority to request a person's tax returns, that power is not unlimited. Trump's own past statements have supported the idea that releasing tax returns sooner rather than later would be a good idea.


Source: Fox News May 28, 2019 13:55 UTC



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