Taxes

Mnuchin to protect Trump's privacy if House Dems request tax returns

In this image, Mnuchin sits and talks into a microphone at a committee hearing.
Treasury Secretary Steven Mnuchin. Photo: Jim Watson/AFP/Getty Images

U.S. Treasury Secretary Steven Mnuchin said Thursday he will protect President Trump's privacy if he receives a request from House Democrats for the president's tax returns, per NBC.

Driving the news: House Ways and Means Committee Chairman Richard Neal (D-Mass.) is expected to formally ask for Trump's tax returns as House Democrats continue to lay the groundwork for investigating the president's financial deals and interests.

Tax season is predicted to have fewer breaches in data

Illustration of IRS logo with lock
Illustration: Sara Grillo/Axios

With tax day rapidly approaching, it's beginning to look like this tax season will show a sharp decline in breaches swiping data used to file fake tax returns. Risk Based Security (RBS), a cybersecurity group that monitors breach notifications, has tracked only 5 reports of theft of tax data this season, down from around 40 in the whole of last year's tax season and 230 the year before.

Why it matters: While the number of tax-document-related breaches has been on the decline for a while, it's still surprising to see such a rapid drop, even after the number had plummeted into the double digits.

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