President Trump is the first president in nearly a half a century to refuse to release his tax records.
Now House Ways and Means Committee Chairman Richard Neal is formally requesting six years of Trump’s personal tax returns and records from eight of his business entities.
It’s the first move in what is expected to turn into a major political and legal showdown.
Under a provision in the federal tax code, Chairman Neal is allowed to request anyone’s tax returns as long as they can show it’s part of Congress’s oversight role or an investigation.
The Washington Post reports that Trump has told advisors he plans to fight all the way to the Supreme Court, hoping to stall the issue until after the 2020 election.
And that Treasury officials will not comply until they are compelled to do so.
Chairman Neal set a deadline of April 10 for the IRS to comply with his request.
For now, it’s in the Treasury Department hands.
But a legal challenge could move the issue to the Justice Department.