The mystery of President Trump’s tax returns could come to an end if Democrats win control of Congress following the midterm elections in November, Newsradio 1200 WOAI reports.
U.S. Rep. Lloyd Doggett, (D-Austin), who sits on House Ways and Means, plans to use an obscure tax statue to get his hands on both the President's personal finances and his business interests.
"He is the lead on about 500 different business entities that stretch from Manhattan to Azerbaijan."
Doggett says there are concerns that the President is making tax provisions in a way that benefits his family.
"We need to get to the bottom of whether he has a direct financial interest," he explains.
Since his time on the campaign trail, President Trump has refused to turn over this tax receipts, saying he's under audit by the Internal Revenue Service. Doggett's plan to get around that uses a 1924 law that states that the Treasury Department shall turn over any return requested by the chairs of the tax committees or the head of Congress’ nonpartisan Joint Committee on Taxation. During the Obama administration, Republicans on both the Finance and Ways and Means committees agreed to release private tax information of conservative groups seeking tax-exempt status amid investigations into whether the IRS discriminated against them. The move was widely criticized by Democrats, but it now seems like they’ll use this as justification to release Trump’s information.