Monday, February 13, 2017

New Jersey congressman invokes 1924 tax law giving Congress power to examine Trump's tax returns (jen Hayden) · Saturday, February 11, 2017, 12:50 pm

Rep. Bill Pascrell (NJ-09) serves on the House Ways and Means Committee and he wants to use a 1924 tax law that allows Congress to examine tax returns for the purpose of determining whether conflicts of interest exist, even if those tax returns belong to the president. From

After privately examining returns -- Pascrell is seeking 10 years' worth -- the committee could decide to share them with the full House, which would in effect make them public. The 1924 law gives congressional committees that set tax policy the power to examine tax returns. It was used in 1974 when Congress looked at President Richard Nixon's returns, and in 2014 when the Ways and Means Committee released confidential tax information as part of its investigation into the Internal Revenue Service's handling of applications for nonprofit status

If Sen. Mitch McConnell can invoke the rarely used “Rule 19”, Rep. Pascrell and Congress are well within their rights to evoke this 1924 tax code and do what the law requires to ensure there are no conflicts of interest. Pascrell said he’s not going to take “no” for answer:

Pascrell said foreign governments are paying rents, licensing fees, and issuing permits for Trump Organization projects, all of which could be used to influence the president.The letter asked Brady to reply by Wednesday.

“If I get a ‘no’ answer on this, I’ll be very honest with you: If these guys think I’m walking away from this, they’re absolutely nuts," Pascrell said. "The calls we’re getting, the calls other congressmen are getting, it’s unbelievable, we never expected this.”

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