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Wednesday, October 3, 2018

Lloyd Doggett and Democratic Reps Say They'll Target Trump's Taxes After a Midterm Win

Posted By on Wed, Oct 3, 2018 at 3:48 PM

click to enlarge "Self-made man" Donald Trump meets President Ronald Reagan in this photo of a 1987 White House reception. - WHITE HOUSE
  • White House
  • "Self-made man" Donald Trump meets President Ronald Reagan in this photo of a 1987 White House reception.
U.S. Rep. Lloyd Doggett and other Democratic lawmakers said they'll use subpoena powers to open President Donald Trump's tax returns if their party retakes the House in November.

A New York Times investigation into the Trump family's taxes published Tuesday raises new questions about the president's finances and potential conflicts of interest, said Doggett, whose district includes San Antonio. His tax records also could establish whether he's beholden to Russian interests.

"It all reminds me of another New York magnate, Leona Helmsley, who had tax issues of her own," said Doggett, who serves on the Ways and Means Committee. "She said, 'Taxes were for little people.'"

The Times' lengthy package unearthed tax documents that suggest Trump received $413 million from his father’s business empire — much through “dubious tax schemes…including instances of outright fraud.” Trump is the first president since Richard Nixon not to publicly release his tax filings.

A nearly 100-year-old statute allows the chairs of Congress’ tax committees to examine anyone’s returns, something Rep. Judy Chu, D-Calif., said could happen within days of the new session if her party wins control. Election site FiveThirtyEight projects Democrats have a 3-in-4 chance of flipping the House.

Doggett and other congressional Democrats have made dozens of attempts to open the president's tax records only to have them shut down.

"Unfortunately, Republicans have stonewalled, blocked and covered up every one of these requests," Doggett said.

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