House Democrats will likely get Trump's tax information. Did Trump ally Rep. Devin Nunes ease their path?
One way or another, Congress will almost certainly obtain President Trump's financial records, "and Republican efforts to investigate the Christopher Steele dossier could be one reason why," writes CNN's Katelyn Polantz. Specifically, Democrats could find an unwitting helper in Rep. Devin Nunes (R-Calif.), a Trump ally who successfully subpoenaed the bank records of Fusion GPS when he was chairman of the House Intelligence Committee.
The House Oversight, Intelligence, and Financial Services committees have subpoenaed Trump's business and personal financial records from his accounting firm, Mazars USA, and lenders Deutsche Bank and Capital One. Like Fusion GPS, Trump has sued his banks and accountants to prevent them from releasing his records. Fusion GPS had to disclose who financed the Steele dossier after losing its fight in federal court, using some of the same arguments Trump's lawyers are testing. U.S. District Judge Amit Mehta has fast-tracked the accounting firm lawsuit, scheduling the first hearing for Tuesday.
"The difficulty that Trump faces is the same one that we faced," Bill Taylor, Fusion GPS's lawyer in the case, tells CNN. "There's a heavy presumption in favor of the validity of a congressional subpoena."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The House Ways and Means Committee has also legally requested Trump's tax returns from the IRS, though Treasury Secretary Steven Mnuchin is fighting that, too. The New York Senate, now controlled by Democrats, approved legislation last week that specifically permits three congressional committees to view the state tax returns of anyone who files in New York, as Trump and many of his businesses did. The State Assembly has enough support to pass the bill, too, though no vote is yet scheduled.
But the important fight might end up being in Mehta's courtroom. "Arguably you could get a lot more information from the accounting firm than you could from the tax returns," former federal tax prosecutor Kevin Sweeney tells CNN. "They'd keep the documentation they used to prepare that return."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Can AI tools be used to Hollywood's advantage?
Talking Points It makes some aspects of the industry faster and cheaper. It will also put many people in the entertainment world out of work
By Anya Jaremko-Greenwold, The Week US Published
-
'Paraguay has found itself in a key position'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Meet Youngmi Mayer, the renegade comedian whose frank new memoir is a blitzkrieg to the genre
The Week Recommends 'I'm Laughing Because I'm Crying' details a biracial life on the margins, with humor as salving grace
By Scott Hocker, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published