Published 14:15 IST, November 14th 2019
US Congress can still seek Trump's tax records, court decides
US Congress can still seek Trump tax records, an appeals court decides on Wednesday. He seeks to avoid a House subpoena which asks 8 years financial accounts.
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Congress can request nearly a dece of Donald Trump's tax filings, an appeals court said Wednesday, striking a new blow to US president as he attempts to keep his financial records out of Democrats' hands. decision marked second time an appeals court has denied Trump's attempt to avoid a House subpoena that calls for him to turn over eight years of accounting documents. Trump's lawyer Jay Sekulow immediately anunced that president's legal team would appeal case to Supreme Court, according to US media. A majority of judges on DC Circuit Court of Appeals on Wednesday rejected a request by Trump to rehear a previous decision me by a smaller, three-judge panel last month. In October ruling, judges rejected Trump's argument 2-1 that House Oversight Committee lacked authority to issue a subpoena of president's longtime accounting firm, Mazars.
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Democrats seek Trump's tax records
Democrats are seeking Trump's tax returns from 2011 to 2018 as part of wide-ranging congressional investigations into president's business affairs after he reneged on a campaign promise to release his financial records. lawmakers are investigating wher Trump inflated value of assets to obtain loans and in April subpoenaed "statements of financial condition, annual statements, periodic financial reports, and independent auditors' reports prepared, compiled, reviewed or audited by Mazars." White House, which has characterized congressional investigations into president as "harassment," argued that Congress did t need information to fulfill its role as a legislator. Democratic 2020 presidential hopeful Joe Biden lauded decision, tweeting that " American people deserve to kw what Donald Trump is hiding in his tax returns." decision is latest setback for Trump as Democrats on Wednesday also launched a new phase of high-stakes televised impeachment hearings.
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14:01 IST, November 14th 2019