ABC News: Democrats say Michael Cohen’s dramatic testimony escalates need for Trump’s tax returns.
Washington,
February 28, 2019
During Wednesday's hearing, Rep. Jimmy Gomez, D-Calif., asked Cohen if he could provide any insight "into what the real reason is that the president has refused to release his tax returns." "The statement that he said to me," Cohen replied, "was that what he didn't want was to have an entire group of think tanks that are tax experts run through his tax return and start ripping it to pieces, and then he'll end up in an audit and he'll ultimately have taxable consequences, penalties and so on." An obscure 1924 provision in the tax code spells out that the Treasury Secretary "shall furnish" any individuals' tax return information "upon written request" from the chairmen of certain congressional committees. Once provided, the tax information can only be reviewed in a closed session by certain members unless lawmakers vote to make it public. |
