News / Economy

Democrats give Trump until April 23 to hand over tax returns

Saturday, 13 April 2019 10:13 PM [ Last Update: Saturday, 13 April 2019 10:13 PM ]

US President Donald Trump greets a guest during an announcement about 5G network deployment in the Roosevelt Room at the White House in Washington, DC, on April 12, 2019. (AFP photo)

US Democratic lawmakers have given President Donald Trump 10 days to hand over his tax returns, which he refused to release ahead of the 2016 presidential election.

The lawmakers Saturday gave tax authorities a final deadline of April 23 to get their hands on the president’s tax returns.

The new deadline was announced after an initial April 10 deadline lapsed.

Trump has no plans to release tax returns

US President Donald Trump has no plans to release tax returns despite a recent investigation by the New York Times.

The announcement was made as part of an investigation launched in the Democratic-held House of Representatives.

"I am aware that concerns have been raised regarding my request and the authority of the Committee," House Ways and Means Committee Chairman Richard Neal said in a letter to Internal Revenue Service (IRS) Commissioner Charles Rettig. "Those concerns lack merit."

PressTV-Trump signs GOP tax plan to reward the rich

Trump has signed the sweeping Republican tax bill, which some analysts say will reward the rich and punish the majority of working people.

United States Secretary of the Treasury Steven Mnuchin said the administration would respond by the revised deadline.

"I'm sure we'll respond by that deadline, not going to make a commitment prematurely whether we'll be able to conclude a legal review by that deadline," Mnuchin said. "We have people working on it diligently."

Trump has refused to release his tax returns arguing that they are being audited, a claim rejected by the IRS.