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President Donald Trump Pushes Back On Congressional Request For His Taxes | All In | MSNBC - YouTube
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the president's lawyers are celebrating
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tax day today by sending a defiant
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pugilistic letter to the IRS arguing
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what Donald Trump's tax returns should
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not be furnished to the House Ways and
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Means Committee
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despite the legislation to the contrary
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president's lawyer argues that his
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client is just a humble citizen facing a
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possibly unconstitutional Inquisition
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from Congress playing dress up as a
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quote junior varsity IRS letter even
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compares Donald Trump to leaders the
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civil rights movement writing what if
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during the height of the civil rights
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movement the Democrat controlled house
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tried to intimidate African American
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leaders by requesting their tax returns
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yes what about that for years Trump and
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his allies have basically grabbed
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whatever argument they can to try to
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prevent access to his taxes he's under
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audit it's not legal it was litigating
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the campaign this week and Sarah Sanders
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tried out a new one points for novelty
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Congress won't be able to understand
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Trump's taxes I don't think Congress
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particularly not this group of
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congressmen and women are smart enough
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to look through the thousands of pages
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that I would assume that President
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Trump's taxes will be my guest says most
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of them don't do their own taxes
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democratic congresswoman Katey Porter of
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California responded quote our freshman
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class includes intelligence analysts
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analysts nurses veterans and ahem law
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professors I think we can handle it that
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congresswoman Katey Porter joins me now
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congresswoman Sarah Sanders basically
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said you're too dumb to understand these
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taxes what do you think I know that I am
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ready to take a look at Donald Trump's
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tax returns and for secretary press
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secretary Sanders information I do my
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own taxes every year and I think our
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it's really insulting that we're not
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being treated as a co-equal branch of
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government the law here is pretty clear
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that the president needs to turn over
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his tax returns and this is the job that
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the American people have text us taxed
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like kids in Texas asked us to do and
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it's our job to do it so I really hope
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the president complies with the law I
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hope he quits dragging this out and I
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have every confidence in my fellow men
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and women on both sides of the aisle to
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be able to review these tax returns how
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do you interpret the letter today was
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really quite provocative it was quite
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aggressive about constitutional of the
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Congress's Authority both under statute
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and the Constitution and
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does seem like they have gone very
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nuclear very quickly how do you
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interpret that I think it suggests the
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reluctance of the President to comply
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with the law he truly is exhibiting the
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attitude that the rules that apply to
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the rest of us don't apply to him he's
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not a ordinary citizen he's the
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president of the United States an office
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that he ran for and he has considerable
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power and the American people deserve to
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know if Donald Trump is working for us
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if there's nothing to see in his tax
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returns there's nothing to see but
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that's a question that needs to be
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answered and that's why I wholeheartedly
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believe the American people need to see
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these tax returns you know there were
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subpoenas today from congressional
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investigators of Deutsche Bank and other
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lenders the president part of the sort
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of rounding out the financial picture
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what's your response the president's
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lawyers and some of his defenders are
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trying to make sort of an interesting
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argument which is basically yes he's
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president but he's also simultaneously
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private citizen Donald Trump and this is
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some kind of invasion and encroachment
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into that sacrosanct sphere of privacy
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it just doesn't work that way anyone who
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runs for office including folks who run
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at the local level for school board for
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City Council we all give up a great deal
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of our privacy as a member of the House
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of Representatives for example I have to
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make financial disclosures and so he
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can't have it both ways if he wants to
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be President of the United States that
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he needs to follow the rules and be
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forthcoming about any business dealings
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that may call into question what he's
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doing as president and if he wants to
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return to being a private citizen I
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personally would be just fine with that
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but if he wants to have the office of
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President that he needs to follow the
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rules he can't make the his own rules
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this is a tripartite government there's
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a role for the courts there's a role for
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Congress and there's a role for the
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president he doesn't get to control the
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rest of us we each have an important job
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to do I respect the job he has to do and
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it's frustrating that he doesn't respect
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the job of Congress you know the
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president and Republicans and and their
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allies spent the day touting the big tax
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cut which was sort of a numerical sense
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largely a corporate tax cut but the New
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York Times ran this headline which I
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thought was interesting face it you
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probably got a tax cut studies
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consistently find the 2017 law cut
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taxes for most Americans most them don't
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buy it there does seem to be a
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divergence of reality which that most
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people did seen their tax liability
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reduced even if most people don't feel
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that way what do you think of that I
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think one of the things about the Trump
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tax law is that it's having very
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disparate effects around the country so
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I represent Orange County California and
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the limit in the Trump tax law on state
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and local tax deductions is a huge issue
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for us I was working on my taxes today
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and every time I would put in a
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deduction it would pop up you've already
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hit your ten thousand dollar state local
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deduction cap I'd put in something else
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pop back up you've already hit your ten
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thousand dollars state and local
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deduction cap so for folks here in
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Orange County we're hearing from a lot
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of them that they owe five thousand
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seven thousand even fourteen thousand
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dollars in additional taxes and a lot of
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folks are having to turn to credit cards
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to try to find that money to pay those
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extra taxes so by singling out states
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that have expensive homes or that have
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significant state and local taxes Donald
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Trump is really making the effects of
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his tax plan felt the UM is being felt
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unevenly around the country so folks
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here in Orange County are not happy I've
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co-sponsored legislation to reverse the
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limit on state and local taxes and I
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have co-authored a bipartisan letter to
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Speaker Pelosi and Majority maasai
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Minority Leader McCarthy asking them to
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bring that legislation up for a vote on
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the House floor there's also news today
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about how corporations have fair fared
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under this regime twice as many
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companies paying zero taxes under the
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Trump tax plan the theory of the case
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there was that that reduced liability
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would lead to increased investment and
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better job growth and the president's
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defenders say hey look at just look at
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the job numbers look at the the growth
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numbers everything is going great what
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do you say look the economy is doing
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fine it was doing fine before this tax
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plan what we've seen primarily as a
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result of the tax plan is companies are
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taking their money and they're engaging
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in stock buybacks and that's exactly
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what we saw with JPMorgan Chase you know
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earlier this week in a hearing I asked
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the CEO Jamie Dimon will you you know
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look at this worker working full-time in
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your bank they couldn't afford to make
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ends meet how about raising worker pay
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and so we're not seeing corporations
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reinvest that money in fact if you read
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a lot of shareholder letters
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what these CEOs are saying is we have
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access capital we have access cash we're
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looking for ways to invest in I think
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the obvious answer is to invest it back
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in your workers to invest it back in the
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American people who help make your
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corporation profitable do you do you
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think there will be appetite should
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Congress Democrats retake Congress to
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just reverse these tax cuts or to raise
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taxes in other areas I personally think
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we have to tackle tax reform we need
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fair tax a fair tax plan and the fact
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that more and more corporations are
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paying zero is heading in the absolute
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wrong direction so whether it's
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reversing Trump's tax plan entirely
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we're trying to improve upon the tax
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plan we definitely have to do something
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we can't keep asking Americans of
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individual workers single moms like me
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to shoulder the tax burden while large
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corporations get off literally scot-free
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you do your own taxes you mentioned
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adding in deductions did you get that
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file before he came on today are you are
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you in under the wire I am on my way to
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the post office written I do owe federal
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tax this year my income being much lower
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so I'm gonna get it in by the deadline
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all right well good luck with that I'll
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let you go congressman Katie Porter
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thank you very much one of the most hey
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there I'm Chris Hayes from MSNBC thanks
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