Pelosi says U.S. House Democrats will begin process to obtain Trump tax returns
Thu Dec 13 2018
Mark Cooper (2127 articles)

Pelosi says U.S. House Democrats will begin process to obtain Trump tax returns

WASHINGTON (Reuters) – Nancy Pelosi said Democrats will begin to seek President Donald Trump’s tax returns – a move likely to prompt outrage from the White House – when they take control of the U.S. House of Representatives in January.

The House Ways and Means Committee will “take the first steps,” said Pelosi, who has the backing of her members to become the next speaker of the House in January.

“There is popular demand for the Congress to request the president’s tax returns,” she said, speaking to reporters. “I’m sure the White House will resist, so the question is where do we go from there.”

Trump defied decades of tradition when he refused to release his tax records while running for president and after taking office. There is no law or rule compelling a president or candidate to do so, but nearly every nominee and president since 1976 has done so.

Democrats have argued that Trump’s tax returns are crucial in determining whether his sprawling business operations present a conflict of interest. Trump opted not to divest from his business, but turned over control of day-to-day operations to his sons Donald Jr. and Eric.

Several committees expected to investigate Trump could find use for the returns.

The White House did not immediately respond to a request for comment about Pelosi’s remarks.

Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.


Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.