Tax returns

It's past time for Congress to hold Steven Mnuchin in contempt.

"The famous contractors and subcontractors he didn't pay, but he never suffered at all," noted legal analyst Jeffrey Toobin.

"To lose over $1 billion over 10 years, Trump lost $11,416 per hour," Morning Joe co-host Mika Brzezinski said.

Trump's seminal memoir and business-advice book was publish in the midst of huge losses for his businesses.

President Donald Trump reportedly used hype about a potential takeover to lift the price of stocks he recently purchased until investors figured out what he was up to.

"Wouldn't you think someone who personally lost over a BILLION dollars [might] be vulnerable to shady activity to get out of that hole?" New York Representative Alexandria Ocasio-Cortez said.

Trump's businesses lost more than $250 million in 1990 and again in 1991, according to The New York Times. Between 1985 and 1994, he reported roughly $1.17 billion in losses.

"I have determined that the Committee's request lacks a legitimate legislative purpose, and… the Department is therefore not authorized to disclose the requested returns and return information," Treasury Secretary Steven Mnuchin said.

David Cay Johnston told CNN's Chris Cuomo that the Trump administration did not believe that Congress had an oversight function.

"Once they state something even related to a congressional purpose, the court, I think, will allow this to go through," said Andrew Napolitano, a former judge.

President Donald Trump is not obliged by the law to release his tax returns, Lara Trump, 2020 campaign adviser and wife of Eric Trump, told Fox News.

Although the Democratic Senator and 2020 Presidential candidate has never denied his status as a millionaire, the release of his tax returns spanning 10 years proved how his 2016 presidential run elevated him into wealth.

"How about sending us the tax returns of @POTUS as required by law," Rep. Ted Lieu tweeted. "If we are not smart enough to understand them, we will send them back. Pinky promise."

House Democrats told Newsweek they plan to "use every legal recourse available" if Treasury continues to refuse to provide the president's tax returns.

Vermont Senator Bernie Sanders has been compared to President Donald Trump for failing to release his full tax returns, but he said he will by April 15.

House Financial Services Committee Chair Maxine Waters said: "Please don't instruct me on how I'm supposed to conduct this committee."

The deadline for filing 2018's individual tax returns to the Internal Revenue Service is looming.

Mick Mulvaney also said that Democrats would "never" see the president's tax returns.

"We wouldn't need to go through this exercise if he had simply done what he had promised to do," Representative Dan Kildee said.

"Mr. Neal wants to screw with the president," the Republican lawmaker said, siding with Team Trump.

"Release the tax returns or drop out of the race," the ethics chief said of Sanders.

Six years of Trump's tax returns "isn't going to do it. I think they need to go back about 15 years," said writer Tim O'Brien.

Rep. Elijah Cummings (D-MD) told reporters that Mazars USA LLP have confirmed they will release the tax returns if they are issued a friendly "subpoena." "We'll get them a subpoena," Cummings said.

The New Jersey Senate has revived a bill that would require all presidential candidates to publish five years of tax returns if they're to appear on the state's ballot.

The two congressmen said releasing the president's returns would threaten the privacy of all American taxpayers.

One House aide said the National Taxpayer Advocate told House staffers that it would take between 12 and 18 months for the IRS to recover.

In the survey, 60 percent of respondents said they would support the Democrat-controlled House using congressional authority to have President Donald Trump hand over or publicly release his tax returns.

As promised, House Democrats unveiled their signature ethics bill Friday after retaking control of the chamber for the first time in nine years.

The IRS is equipped to accept returns, it just can't pay out refunds.

"The Saudis are always throwing around money," Woodward said. "And let's face it, Donald Trump is a walking conflict of interest on something like this."