Frances Ball 13 May 2019 01:07pm

New subpoenas issued for Trump tax returns

Richard Neal has issued subpoenas to Treasury secretary Steven Mnuchin, and to the IRS commissioner, Charles Rettig

The new subpoenas were issued on Friday, despite the Treasury secretary’s repeated refusals to hand over six years of the president’s personal and business tax returns.

In a statement on the latest subpoenas, Neal said, “While I do not take this step lightly, I believe this action gives us the best opportunity to succeed and obtain the requested material.”

Thus far, subpoenas have been issued from the judiciary, oversight and reform, ways and means, financial services, and intelligence committees.

A subpoena has also been served on the president’s son, Donald Trump Jr.

President Trump has repeatedly rejected Democrat requests for his tax returns, and has sued Deutsche Bank, Capital One, and Mazars US to prevent their release.

A recent exposé by the New York Times showed that Trump’s core businesses operated at a massive loss between 1985-1994. In response, the president claimed that the $1bn loss was deliberately calculated “for tax purposes”.