In a victory for House Financial Services Committee Chairwoman Maxine Waters (D-CA), Wells Fargo and TD Bank turned over thousands of pages of President Donald Trump’s tax records the committee subpoenaed or requested, Fox News reported. Trump has objected to the records being turned over, calling the requests a “witch hunt” and not necessary or relevant to the running of the government.
The banks are only two of nine that have pending subpoenas or requests. A judge refused to issue an injunction Wednesday to Deutsche Bank and Capital One, meaning that they must now comply with subpoenas.
The House Ways and Means Committee has subpoenaed Trump’s tax records, which he has refused to release since his 2016 campaign. Treasury Secretary Steve Mnuchin has refused to comply with the subpoena of tax records because the request “lacks a legitimate legislative purpose.”
Trump has indicated that he will fight the release of his tax records to the Supreme Court, if necessary. Does he have something to hide? The IRS hasn’t charged him with any crime or penalized him in any other way that we know of.
If there were any real wrongdoing, he would already be facing consequences from the IRS or other financial or regulatory agencies.
Most likely, this is just one more attempt by Democrats to make him look bad to his supporters–or theirs. Let’s hope Trump can prevent the Democrats from once again using the IRS for their own political purposes.
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