stableImportance 4/5Confidence 4/51 documented update

IRS Memo Punches a Hole in Trump’s Tax-Return Wall

A confidential IRS memo reported on May 22, 2019 undercut the administration’s claim that it could simply refuse Congress access to President Trump’s tax returns. The document said the law required disclosure to the House tax committee if the statutory conditions were met, and suggested the administration’s public stance was far shakier than it had been advertising. Treasury did not look like it had a clean legal theory; it looked like it had a political posture. That is a bad place to be when your whole defense is built on saying no and hoping the other side blinks.

Why it matters: Tax wall cracks

First recorded May 22, 2019·Meaningfully updated May 22, 2019

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IRS Memo Punches a Hole in Trump’s Tax-Return Wall

A confidential IRS memo reported on May 22, 2019 undercut the administration’s claim that it could simply refuse Congress access to President Trump’s tax returns. The document said the law required disclosure to the House tax committee if the statutory conditions were met, and suggested the administration’s public stance was far shakier than it had been advertising. Treasury did not look like it had a clean legal theory; it looked like it had a political posture. That is a bad place to be when …

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IRS Memo Punches a Hole in Trump’s Tax-Return Wall

A confidential IRS memo reported on May 22, 2019 undercut the administration’s claim that it could simply refuse Congress access to President Trump’s tax returns. The document said the law required disclosure to the House tax committee if the statutory conditions were met, and suggested the administration’s public stance was far shakier than it had been advertising. Treasury did not look like it had a clean legal th…

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