Top Democrat demands six years of Trump's tax returns

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Three House committee chairs are requesting financial behemoth Capitol One turn over documents related to President Donald Trump's businesses, Politico reported Thursday.

Every year dating back to the early 1970s, the Internal Revenue Service has made it a regular practice to audit the personal tax returns of every sitting USA president and vice president.

Mr Neal gave the agency until April 10 to comply.

"I am certain we are within our legitimate legislative, legal and oversight rights", said Neal, a 16-term congressman who is not well known outside his home state of MA or the halls of power on Capitol Hill, said in a statement.

House Democrats haven't stopped at Trump's business filings.

"While we had hoped this action would have been taken earlier", Quint added, "we trust that Chairman Neal will effectively and efficiently manage this process to bring the American people answers about Trump's numerous conflicts of interest, dubious tax schemes, and allegations of fraud".

Having cited the authority mentioned above, Neal numbered seven areas to be responsive to the request.

Sen. Ron Wyden, D-Oregon, the top Democrat on the Senate Finance Committee, called on Treasury Secretary Steve Mnuchin to have no involvement in responding to Neal's request, arguing it would amount to "blatant political interference" of the request sent to the IRS commissioner. Trump, who has long said his unpredictability is one of his greatest negotiating assets, has also followed through with some of his most bombastic threats, including forcing the country's longest-ever government shutdown over border funding.

Two years ago, MSNBC host Rachel Maddow got her hands on just two pages of Trump's federal returns from 2005.

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"This is the latest effort from House Democrats in their misguided rush to impeach President Trump that began the day after the 2016 election", Rep. Kevin Brady (R-Texas), the ranking member of the House Ways and Means Committee, said in a statement.

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He has said that the returns would answer the question of whether the president was financially beholden to Russian Federation, and how he personally would benefit from the Republican tax bill he signed into law. But other, higher-level officials said the move did not appear to be a mistake, even though they were not informed ahead of time. "If the president is above the law, we'll have that also".

Trump said he would "probably start off with the tariffs - that will be a very powerful incentive".

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After that move from Nixon, though not legally required to do so, it became commonplace for subsequent presidential candidates and commanders-in-chief to release their tax returns to the public.

"If the department still refuses, then it should be up to a judge - not the president or his political appointee - to decide whether it is appropriate for the committee to review the complete record", Nadler said.

Neal's request is specific and under the section of the IRS code that he is using only he, and not other chairmen of House committees can see the returns.