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 John TrumpSessions accepts 'Fox News Sunday' invitation to debate, Tuberville declines Priest among those police cleared from St. John's Church patio for Trump visit Trump criticizes CNN on split-screen audio of Rose Garden address, protesters clashing with police 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 SchumerCharles (Chuck) Ellis SchumerPelosi, Schumer say treatment of protesters outside White House 'dishonors every value that faith teaches us' Is the 'endless frontier' at an end? Judd Gregg: Biden — a path to the presidency, or not MORE (D-N.Y.), House Minority Leader Nancy PelosiNancy PelosiTrump praises 'domination' of DC protesters Pelosi, Schumer say treatment of protesters outside White House 'dishonors every value that faith teaches us' Democrats call for Congress to take action following death of George Floyd MORE (D-Calif.), Senate Finance Committee ranking member Ron WydenRonald (Ron) Lee WydenHouse Republican offers bill to create 'return to work bonus' On The Money: Senate Dems pump brakes on new stimulus checks | Trump officials sued over tax refunds | Fed to soon open small-business lending program Senate Democrats pump brakes on new stimulus checks MORE (D-Ore.) and House Ways and Means Committee ranking member Richard NealRichard Edmund NealExpanding tax credit for businesses retaining workers gains bipartisan support House Democrats press Treasury on debit cards used for coronavirus relief payments House Democrats' bill would create a second round of direct coronavirus relief payments 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.