'It is a stunning picture of spectacular collapse during those years.' SenBlumenthal reacts to reports that Donald Trump suffered more than $1 billion in losses from 1985 to 1994.
On Monday night, as expected, Treasury Secretary Steve Mnuchin informed House Ways and Means Committee Chairman Richard Neal, D-Massachusetts, that he would not be handing over President Donald Trump's tax returns.
That move will occasion a response from Neal -- in the form of a subpoena, a contempt vote or a lawsuit. No matter what Neal chooses, this fight is headed into the legal arena sooner rather than later. And it's likely that it winds up, at some point, in front of the Supreme Court.Which is, if you stop and think about it, remarkable. We are now using the Supreme Court to litigate something that, prior to Trump, was seen as de rigeur for people running for president.
In each episode of his weekly YouTube show, Chris Cillizza will delve a little deeper into the surreal world of politics. Click to subscribe! But, the point remains: Donald Trump was the only major party presidential nominee since Watergate to never release any past tax returns. He is also the only president to refuse to release even a year of past returns.
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