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Liberal groups urge Dems to obtain Trump's tax returns

Liberal groups urge Dems to obtain Trump's tax returns
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More than 50 progressive groups are urging congressional Democrats to obtain President TrumpDonald TrumpDemocrats, activists blast reported Trump DOJ effort to get journalists' phone records Arizona secretary of state gets security detail over death threats surrounding election audit Trump admin got phone records of WaPo reporters covering Russia probe: report MORE's tax returns next year, highlighting how pressure over the issue has risen following a New York Times report that Trump's father employed complicated tax schemes to avoid paying the IRS on wealth that went to his children.

"We urge all members of Congress to support this effort on Day One of the 116th Congress and expect the returns to be made public for the good of the American people soon after," the groups wrote in a letter sent this week to Senate Minority Leader Charles SchumerChuck SchumerBiden to meet with 6 GOP senators next week The Hill's Morning Report - Presented by Emergent BioSolutions - Upbeat jobs data, relaxed COVID-19 restrictions offer rosier US picture How to fast-track climate action? EPA cutting super pollutant HFCs MORE (D-N.Y.), House Minority Leader Nancy PelosiNancy PelosiBiden to meet with 6 GOP senators next week Five takeaways on a surprisingly poor jobs report On The Money: Weekly jobless claims fall to 498K, hitting new post-lockdown low | House to advance appropriations bills in June, July MORE (D-Calif.), Senate Finance Committee ranking member Ron WydenRonald (Ron) Lee WydenBad jobs report amplifies GOP cries to end 0 benefits boost Putting a price on privacy: Ending police data purchases Overnight Health Care: Biden sets goal of at least one shot to 70 percent of adults by July 4 | White House to shift how it distributes unallocated vaccines to states MORE (D-Ore.) and House Ways and Means Committee ranking member Richard NealRichard Edmund NealOn The Money: Weekly jobless claims fall to 498K, hitting new post-lockdown low | House to advance appropriations bills in June, July Rural Democrats urge protections from tax increases for family farms Four years is not enough — Congress should make the child tax credit permanent MORE (D-Mass.).

"Eliminating corruption and conflicts of interest among our highest elected officials and restoring the faith of the American people in our government — stated goals of the Democratic Party in this campaign and in the next Congress — demand nothing less," the groups added.

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Trump is the first president in decades who hasn't released his tax returns. He has said he won't release them while under audit by the IRS, though the agency has said that nothing prevents people from releasing their own tax information. He has also said that the public doesn't care about his tax returns.

Under federal tax law, the chairmen of Congress's tax committees can request tax returns from the Treasury Department and review them in a closed session. After that, the committees could vote to make parts or all of the returns public.

Efforts by congressional Democrats to get Congress to request Trump's tax returns have been unsuccessful so far because Republicans control both chambers of Congress. But if Democrats take control of at least one chamber in the midterm elections, they would be able to request the returns from the Treasury. Both Wyden and Neal have said they would seek the returns if they become chairmen, but neither of them have committed to making all of the documents public.

The liberal groups — which include Not One Penny, Indivisible and Americans for Tax Fairness — said that the New York Times's story on Trump's tax schemes highlights "the need for transparency."

The Times's report, which Trump has called a "hit piece," detailed practices that were undertaken by Trump and his family so that the president's parents could avoid gift and estate taxes.

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If Trump's returns were public, "we would ... be better able to determine whether the president has been paying the taxes he owes, or whether he has flouted the law or pushed the legal boundaries — in other words, whether he has continued the kind of tax dodging exposed by the Times," the groups wrote.

They also said that it's important for Trump's returns to become public so that the American people can see how Trump benefits from the tax-cut law he signed last year and can see if he has any foreign bank accounts or pays taxes to any foreign governments. The groups want Democrats to obtain Trump's personal tax returns as well as those of his business entities.

"Disclosure of the president’s tax returns would allow the public to better understand the Trump Organization’s finances to assess potential or actual conflicts of interest," they wrote.