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Minister of Finance Munchin rejected Trump's tax returns: "We will follow the law"



Democrats in the House gathered Finance Minister Stephen Munchin on Thursday for how he would handle Congress's request for President's tax returns to the Capitol's budget.

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Democrats led by the Committee on Ways and Means and President Richard Neal, D-Mass., Are carefully preparing to ask for 10 years of the President's personal returns – and to fight for the subsequent legal battle ̵

1; in the coming weeks.

  PHOTO: Minister of Finance Stephen Munchin prepares to give testimony on the proposal of the FG2020 chairmen's budget to the National Assembly of the Capitol Hill in Washington, DC, March 14, 2019. Minister of Finance Steven Munchin prepares to testify on "President's proposal for the 2020 budget" to the National Assembly of the Capitol Hill in Washington, March 14, 2019.

At the hearing on Thursday, Mr. Lloyd Doggett Texas, Munchin asked: "Have you received any instructions or instructions of any kind for how to deal with Congress's demands for President Trump's tax returns, and if so, by whom? "

"First, I have not received the request, and if you have a request for me today, I am happy to accept it," Munchin replied. "I can not speculate on the request until I see it."

He added that he had discussed it with the Legal Department of the Treasury.
"We will look at it and follow the law," Munchin said. "I do not know if there has ever been a request for a tax return to choose an official, but we will follow the law and defend the president because we will protect each individual taxpayer under their rights."

The members of the committee asked if Manuchin and Trump had benefited personally from changes in tax law.

Rep. Bill Pascale, a New Jersey Democrat, asked, "How can we know without seeing his tax statements? Can you tell me this?"

Munchin told Repe. Linda Sanchez, D-Californian, that he himself "was not personally benefited", adding that his "combined individual tax rate – state and federal – has not fallen."

When Sanchez pressed him on the question of whether his individual tax rate had fallen to a federal level, Munchin said, "I have to look at it."

Rep. Jimmy Gomez, DC, asked the Minister of Finance: "Did President Trump have asked to intervene or ignore the forthcoming request for tax returns?"
"It is not," said Munchin.

Munchin also told the commission that he "did not discuss the question of his tax returns or request for tax returns with anyone in the White House," and that "he did not have discussions with Trump's lawyers."

Prior to the hearing, Mr. Brendan Boyle, MD, told ABC News, "It would be perfectly legitimate to ask him about any topic that falls within his competence as Secretary of the Treasury. this is one of the main responsibilities of Congress.
The Secretary of the Treasury Department is required to "provide" information on the tax return of each individual to the chairpersons of three Congress committees "on a written request" pursuant to a 1924 Federal Tax Code.

  PHOTO: Minister of Finance Stephen Manuchin watches when President Donald Trump speaks during a meeting with Republican Congress members and cabinet members in the White House, June 20, 2018 Mandel Ngan AFP / Getty Images
Minister of Finance Stephen Munchin watches when President Donald Trump speaks during a meeting with Republican Congress members and cabinet members in the White House office, June 20, 2018.

But the Trump administration is expected to Fighting with Manuchin's Spokesman told ABC News that the secretary t will review any request by lawyers of the Ministry of Finance of legality.

Munchin also had to appear before the Senate Finance Committee on Thursday to discuss the President's request for the 2020 budget.

Sen. Ron Wyden, the most senior democrat in this group, raised questions about the Treasury's decision to ease sanctions against companies linked to Oleg Deripaska, a Russian oligarch with ties to the Kremlin.

Democrats also want to push Mnuchin on the impact of the tax bill on PP, including tax refunds. Earlier, they sought his testimony of the effect of the partial closure of the government on taxpayers.


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