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President Trump at the end of a rally to support Republican Senate candidates at Valdosta Regional Airport in Valdosta, Georgia on December 5, 2020. Photo: Andrew Caballero-Reynolds/AFP

The Treasury Department "must" release former President Trump's tax returns to the House Ways and Means Committee, the Department of Justice said in a memo Friday.

The big picture: The DOJ memo comes after a long dispute between the committee, which first sought to obtain the former president's returns two years ago, and Trump, who fought to keep his finances private.

What they're saying: The DOJ said in a memo to the Treasury Department that the House committee provided a "legitimate legislative purpose" to gain access to Trump's returns.

  • "The statute at issue here is unambiguous: 'Upon written request' of the chairman of one of the three congressional tax committees, the Secretary 'shall furnish' the requested tax information to the Committee," the memo said.
  • "We conclude that the Secretary must comply with the Ways and Means Committee’s June 16, 2021 request pursuant to 26 U.S.C. § 6103(f)(1) to furnish the Committee with the specified tax returns and related tax information," per the memo.
  • It is unclear if Trump will attempt to block the release, per the Washington Post.

Go deeper

Estimate: Revenues would drop before increasing under Dems' tax plan

Democratic Rep. Richard Neal, chair of the House Ways and Means Committee, which has submitted a draft proposal on raising taxes. Photo: Tom Williams/CQ-Roll Call via Getty Images

Democrats plan to raise $1 trillion over 10 years by making the federal income tax code more progressive. But they won't get the money quickly — their plan actually decreases total income tax revenues in 2023. And when the money does come, it will come from the very rich.

Why it matters: Estimates released by the bipartisan Joint Committee on Taxation on Tuesday show the House Democrats' plan raising $12 billion less than the current tax regime in 2023. But it will raise $133 billion more in 2029.

Judge denies Trump's request to delay defamation suit

A defamation suit accusing former President Trump of rape will move forward as planned, a federal judge said Wednesday.

Why it matters: E. Jean Carroll sued Trump for defamation after he branded her a liar for publicly alleging that he raped her in the mid-1990s. Trump's legal team had requested that the judge delay the suit while an appeals court determines whether the United States can be substituted as the defendant in the case.

Updated Sep 14, 2021 - Politics & Policy

Top Democrat threatens to subpoena Biden officials as Blinken testifies on Afghanistan

Photo: Drew Angerer/Getty Images

Secretary of State Antony Blinken testified Tuesday before the Senate Foreign Relations Committee, facing a second day of interrogation from Republican lawmakers highly critical of the Biden administration's withdrawal from Afghanistan.

Driving the news: The committee's chair, the hawkish New Jersey Democrat Bob Menendez, pulled no punches in his opening statement, threatening to subpoena Defense Secretary Lloyd Austin and other Biden officials who decline to voluntarily appear before the committee.

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