Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Trump lawyer asks judge to block release of tax returns to U.S. House panel

Published 11/16/2021, 06:12 AM
Updated 11/16/2021, 05:36 PM
© Reuters. FILE PHOTO: Former U.S. President Donald Trump reacts after his speech during a rally at the Iowa States Fairgrounds in Des Moines, Iowa, U.S., October 9, 2021. REUTERS/Rachel Mummey/File Photo

By Jan Wolfe

WASHINGTON (Reuters) -Donald Trump's lawyers on Tuesday urged a judge to block a House of Representatives panel from getting the former U.S. president's tax returns, calling it an invasive and politically motivated request.

Trump was the first president in 40 years not to release his tax returns as he aimed to keep secret the details of his wealth and activities of his family company, the Trump Organization.

The House Ways and Means Committee sued in 2019 to force disclosure of the tax returns, and the dispute lingers nearly 10 months after Trump left office.

Trump lawyer Patrick Strawbridge told U.S. District Judge Trevor McFadden the committee has no legitimate reason to see the tax returns, and asked for them in hopes of learning information that will hurt Trump politically.

McFadden said that Democratic Representative Richard Neal, the committee's chairman, and other Democratic lawmakers have made contradictory statements about why they want Trump's tax returns.

Some of the public statements suggest the committee wants Trump's tax returns to consider legislation, which is a valid reason, McFadden said. Other public statements, he added, "could certainly be taken to suggest there's something else going on."

McFadden also said he was reluctant to second-guess Neal's motivations, signaling he may allow the case to move forward. The judge said he will issue a written decision within three weeks on whether the lawsuit should progress.

The case has moved slowly, partly because the U.S. Justice Department has reversed positions.

In 2019, under Trump, it said the request for his taxes by the committee was based on a "disingenuous" objective.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Six months after President Joe Biden took office, it released a memo saying the House panel had offered "sufficient reasons" for the request.

The U.S. Supreme Court last year ruled against Trump in an unrelated case on whether a Manhattan prosecutor could see Trump's tax returns as part of a criminal investigation of his business.

Latest comments

Deep State will keep pushing anything to try to crush outsiders. You libs love the establishment these days, i dont get it. Dems used to be anti establishment.
I guess its hard to be anti establishment when you have become THE establishment
while your at it, lets see every former president's tax returns
uhh they already released them - get your propaganda in the right decade
what a liar, he stated prior to running he would release them and something about some audit which was false. can't imagine what other nonsense is straight lies.
naa. probly alot of fbar's and 8938's... doesnt want everyone to see what countries he has money stashed
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.