Eric Holder response t Mick Mulvaney saying Dems will never get trumps tax Returns...

[riversedge]

Really? Two questions. What is he hiding? And on exactly what basis is the Trump Administration going to LAWFULLY not disclose the tax returns in response to a legitimate Congressional request? This is a direct affront to the rule of law. Serious.

Eric Holder added,
Axios
Verified account @axios
Acting White House chief of staff Mick Mulvaney said on Fox News that Democrats will "never" get Trump's tax returns. https://www.axios.com/mick-mulvaney-trump-tax-returns-democrats-c352b55e-6639-4181-9990-7517e3858f81.html?utm_source=twitter&utm_medium=social&utm_campaign=organic …
12:49 PM - 7 Apr 2019

Link to tweet

[Kurt V.]

1. he's hiding how much money he doesn't have. for trump that's most important

[Eyeball_Kid]

5. He's also hiding tax fraud, tax evasion, and signs of money laundering. n/t

[LenaBaby61]

26. THIS ALL DAY LONG 👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻

[NewJeffCT]

32. I bet that is the main reason

As I said on here before, but it fell on deaf ears...

the big story about the billion dollar loss that Trump took over 20 years ago that came out in 2016 wasn't that he paid no taxes for 20 years because of it, but that it also meant his total income the previous 20 years had not totaled $1 billion. So, he did not make an average of $50 million/year for the previous 20 years. Heck, top movie stars, musicians and athletes make more than that.

Because the way loss writeoffs work, if his total income over that 20 years was more than the $1 billion loss, he would no longer have that deduction.

So, he loses $1 billion in 1995 and paid no taxes in 1995 because of that.

If he made $1.5 billion in 1996, he would be able to writeoff the entire billion loss from the prior year and pay taxes on "only" $500 million.

If he made $500 million in 1996 and another $500 million in 1997, he would have paid no taxes in either year and because the losses from 1995 offset the income from those two years. However, he would then pay taxes on any income in future years.

But, his total income for the next TWENTY YEARS did not total $1 billion.

[Buckeyeblue]

34. Which means he is not a billionaire

[NewJeffCT]

37. pretty much

and I think with debt on his various properties, he's probably not even that close.

The author of the book Trump Nation estimated him to be worth $150 to $250 million. Trump sued the guy and lost - it got tossed out of court

[Buckeyeblue]

38. It's funny that trump sued

To win, he'd have to prove his net worth. But who knows why he does what he does.

[monmouth4]

2. He's hiding a huge loan that was forgiven from Russia. n/t

[Poiuyt]

40. Which would be tax fraud

or tax evasion, or something.

[Hestia]

49. That was alluded to right after 2016 - that he actually is $1.5 Billion in debt across

all platforms and from globalists around the world - Saudi Arabia and Russia. Who knows from whom and where else.

It still amazes (I can think of no stronger word at this time) that we are actually discussing the POTUS*

[MontanaMama]

3. If MF45 and his minions are not held accountable

I guess it doesn’t matter how many laws they break. We’re playing legal wack-a-mole with these assholes.

[duforsure]

4. If he's not held accountable

Every lying crook in this country will be running soon.

[sinkingfeeling]

6. ITMF!

[spanone]

7. Thank you Mr. Holder.

[Kablooie]

8. If the IRS audits a return and finds shady accounting do they notify the justice department?

Or is it all handled by the IRS itself?

[Hestia]

50. Isn't it escalated to Treasury investigators along with DoJ? n/t

[bitterross]

9. He was on FAUX Noise. That's all posturing for the base

Of course he said those things on that channel. He could not have said anything else there.

He had to throw them the red meat they so love. It's not like any of those viewers are concerned with the actual law or truth.

[Beartracks]

10. Why does the Trump regime think laws are optional?

=============

[not fooled]

12. Good point

optional for republicans

[uponit7771]

21. Because dems are arguing impeachment when constitutional violations are being committed right in

... front of our faces daily by the president.

[Ferrets are Cool]

31. Because they haven't been proven wrong

I want this CRIMINAL ORGANIZATION held accountable.

[warmfeet]

35. Because they are optional, if no one gives a damn.

If citizens don't engage, if they don't know what is happening, if they don't vote, if they don't resist, the law does not have any meaning.

This is a test.

I hope we pass.

[rickyhall]

41. Because they are criminals?

[stevesinpa]

46. because for them, laws have been optional

because for trump and his ilk, laws have been pretty much optional for their entire lives. if any punishment was meted out, it was minimal.

[Honeycombe8]

11. Trump is hiring a new head of the IRS. Someone hand picked like Barr was.

The new Director of the IRS is not going to produce the returns. So it'll go to Court.

I'm guessing they'll claim executive privilege, or that there is no law that requires him to produce those returns just because he's President.

[George II]

13. There are all sorts of reasons why he needs to release them and Congress needs to see them.

[Politicub]

14. His base won't care if he wrote off 90% of his income paying off porn stars

So I don’t understand why he is so adamantly against releasing them.

[TommyCelt]

48. I think someone mentioned in earlier...

He doesn't care if it shows shady or questionable activity. This trump will simply tout his business acumen on playing the system. What he DOES care about is appearing to be less wealthy than he has claimed. I've seen a meme before and it sums this creature up perfectly:

He is the poor folks' of "wealthy".
He is the weak folks' idea of "strong",
And he is the idiots' idea of a "genius".

[Evolve Dammit]

15. They are not governing. They are protecting and obstructing 24/7. Vile.

[pdsimdars]

16. If the Dems are not able to get them, it means the rule of law is really done.

[dlk]

17. Holder Concisely States the Critical Issues

[PatrickforO]

18. If they have found evidence that Russia loaned him money,

forgave that loan, and then he didn't claim it on his taxes, then he is compelled to turn his returns over. Because there is now a reason to ask for them. It isn't just 'because presidential candidates have always given us this information.'

[MBS]

19. Good for him.

Thank you, Eric Holder.

[cp]

20. Bravo, Mr. Holder!

Well stated.
My own version is "never" my ass!

[dalton99a]

22. Kick

[47of74]

23. I hope Mulvamey gets arrested

And the mental images of him getting strip searched bring a smile to my face.

[Tarc]

24. Can someone outline what Congress' authority is in this matter?

I'm anticipating arguments with a Trump-defending coworker Monday, and want to be prepared.

[stopwastingmymoney]

42. The chair of the Ways and Means committee can request...

...the tax returns of any US person and the IRS shall provide them. The authority was given in a 1924 law that was passed after the Teapot Dome bribery scandal. The idea being that someone has to be able to hold accountable the President and other top people in his administration.

[stopwastingmymoney]

43. Also (possibly useful with your coworker)

According to Thom Hartmann the other day, the authority has been used routinely over the years and the IRS has never refused to comply.

[Tarc]

44. Interesting

https://en.wikipedia.org/wiki/McGrain_v._Daugherty

Appears to be the the case that affirmed Congress' authority to compel testimony.

Thanks, this will be a good place to start.

[uponit7771]

25. So are Red Don's overt emoluments clause violations ... dems are doing NOTHING about those

[demosincebirth]

36. Democrats. as Johnson used to say at times, "are all Hat and no cattle."

[Pepsidog]

27. If Trumo wins on this issue that would be the straw that breaks the calmmela back. We would know the

rule of law means nothing.

[Grasswire2]

28. He's hiding money from Russia not reported as income.

FRAUD.

[doc03]

29. I just heard Mitt Romney say the same thing. That spinless piece of

shit is about 98% on board with Trump now.

[Ferrets are Cool]

30. And my continuing question back atcha

WHAT THE FUCK IS BEING DONE ABOUT THIS CRIMINAL ADMINISTRATION??

[cstanleytech]

33. Perhaps if he refuses to obey the law he should be arrested like any other criminal?

[Efilroft Sul]

39. The government can't see the returns because the government is still auditing the president.

Trumpian logic.

[BSdetect]

45. Agree exxcept I would add one more word:

This is a direct ANOTHER affront to the rule of law. Serious.

[The Wizard]

47. Trump's position

opens the door for anyone who wants to say anything about Trump's business dealings. If Putin wants to take down Trump he can say Trump owes Russian banks 600 trillion and without countervailing evidence such as tax returns, 600 trillion will be the amount Trump owes Russian banks. What is Trump hiding? 600 trillion?

[LiberalLovinLug]

51. I have one question: Why, if he has been cheating his taxes, is the IRS NOT auditing him?

Or if they weren't before, after all the revelations in the last couple years, why wouldn't they now? Don't they have the power to review, audit, and if they find something, recommend charges on their own, without Congress to prod them?

You'd think with the New York AG investigating him, as well as other cases, the IRS would be auditing him as a matter of course.