Records show IRS ignored rule, delayed audit of Trump’s finances

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Records show IRS ignored rule, delayed audit of Trump’s finances
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After taking office, Trump said he’d keep his tax returns secret because of an audit. We now know he was lying — but that wasn’t the only problem. (via MaddowBlog)

a last-ditch plea from the former president. The committee, which has jurisdiction over tax laws, soon after obtained six years’ worth of tax materials that the Republican had desperately tried to keep hidden.to make the documents public.

In the wake of Nixon’s resignation, a series of ethics reforms were created, including an automatic audit of every sitting president’s taxes, every year, regardless of circumstances. A president need not be suspected of any wrongdoing; the reform was simply created to help bolster public confidence. But we now know that the underlying assumption was also wrong: The automatic, mandatory audit didn’t happen.

The former president, his lawyers, and his GOP allies insisted that there was no “legislative purpose” to the inquiry, and the committee’s work on the issue was little more than a political fishing expedition.

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