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Munchin tells Congress that he will observe the Tax Exemption Tax Exemption Law from Trump



This was Trump's first chief financial officer, a close ally of the president, forced to turn publicly to the unprecedented question of whether he would stick to a vague law that could require him to return his boss's tax returns if the formal request is made by Massachusetts Representative Richard Neal, Chairman of the Democratic Commission in Parliament.

During more than two hours of listening to Capitol Hill, the Democrats asked Munchin to state exactly how he would handle such a request, which the secretary carefully tried to step by step at one point, even jokingly, noting that " there is a great interest to today 6103 "- a reference to the tax law.

Munchin told lawmakers that he would obey the law if he received a written request from Congress to hand over Trump's tax returns ̵

1; but also suggested that the tax exemption decision fall to the Commissioner for Internal Revenue, the country [19659004] When asked if he signed 11 billion dollars in tax records last year by John Lewis, Democratic Representative, Johnson said, "I do not believe I did."

Every year, the Treasury publishes a list of disclosures of tax claims made by state and federal agencies within 90 days of the end of the calendar year.

Having consulted his staff, he told the commission:

He subsequently told the Democratic Republic of Texas Lloyd Doggest that he would act in accordance with the law.

"I will consult with the Legal Department at the Treasury, I will adhere to the law," said Munchin to the Democratic Republic of Texas Lloyd Doggett's question whether he would release the declarations.

Speaking to reporters after a second hearing where he testified before the Senate Finance Committee on the President's $ 4.7 trillion budget said it would be "premature" to discuss the talk he had with his chief adviser on the issue so far

"Internal discussions that I have with our legal team on any matter that is not related to it, it would be premature to comment publicly, "said Munchin when asked by CNN. "I told the Democrats today, if they had them, I was ready to take it, I suppose they would pass it on as a moment, and we will appreciate it again, we will look at it and follow the law."

Republicans who claim that Trump has a right to privacy have quickly become clear that they believe that any demand from the Democrats will not be lawful – opening up the possibility of a long-term struggle over whether Munchin will surrender the declarations if a request is made

"This is a violation of the law," republican representative Kevin Brady, the member of the committee on home remedies and means outside the meeting, said.

"I believe Democrats are breaking the law, and this creates a dangerous precedent," Brady added.

At the hearing, Munchin also explicitly told the hosts that Trump did not ask him to intervene or to discuss the matter with anyone in the White House or Trump's attorneys.

When Calimanian democrat Jimmy Gomez asked if Trump had asked him to intervene, Munchin said, "He is not."

Gomez pressed the secretary of the Treasury if he had any discussions with anyone else in the White House. or his lawyers on the matter.

"I have not discussed with anyone in the White House the question of his tax returns or the processing of tax returns," Munchin said. – I have not had discussions with his lawyers.

House Democrats are preparing to request TRUS's tax returns under 6103 the provision of the Tax Code, which gives the heads of committees' commissions for taxation the power to request taxpayer information from the Treasury. 19659002] It states that "the Registrar must provide such a committee with return or return information specified in such an application."

Munchin told the committee that he has not yet received a request from Congress on this issue and has already begun Consult his chief counsel on the matter pending such a request.

"If you have a request today, I will accept it," said Manuchin. "I can not ponder one request until I see it."

Neil is working to establish a legal basis. He told CNN earlier this week that he is "still preparing" his case and has not yet set a deadline for submitting tax returns to the president.
New Jersey Democratic Representative Bill Pascred, who puts pressure on Neil to ask, warned Mnuchin, "this is happening and coming."

Since the early 1970s, most presidents chose to exempt their tax returns to the public for the years in which they served, and only while they occupy non-statutory positions.

The practice begins with Jimmy Carter, who returns and takes office after Richard Nixon and Watergate's tax scandal. Then came Trump, who in 2016 became the first chief candidate to refuse quoting a current audit.

Munchin also examined questions about his own finances at a later Senate hearing. The annual financial disclosure of Mnuchin, which has been held for more than eight months.

Mnuchin's ethical agreement requires him to give up his role as chairman of a film company, Stormchaser Partners, and free his own share within 90 days of his confirmation in February 2017.

When he was asked by Democratic senator Ron Wadden that the Office of Government Ethics has not yet testified to its forms of disclosure of financial information, Munchin explained that he had been directly involved with an ethics adviser in the department. This man, he said, has certified his financial disclosures.

Munchin assured Wydon that the two offices are in constant discussions to complete the certification process but that the Ministry of Finance team was advised to be fully compatible.

"I have been advised by the Treasury that I am fully in agreement and has no ethical issues," said Munchin.

CNN's Ashley Killow contributed to this report.


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