House Democrats Are Coming For President Donald Trump's Tax Returns | The 11th Hour

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>>> OPENING UP A NEW FRONT ON See more. Do more. Essilor
>>> OPENING UP A NEW FRONT ON THEIR INVESTIGATION INTO THE
THEIR INVESTIGATION INTO THE PRESIDENT.
PRESIDENT. DONALD TRUMP'S TAX RETURNS A
DONALD TRUMP'S TAX RETURNS A REQUEST CAME FROM DEMOCRATIC
REQUEST CAME FROM DEMOCRATIC CONGRESSMAN OF THE HOUSE, WAYS
CONGRESSMAN OF THE HOUSE, WAYS AND MEANS COMMITTEE.
AND MEANS COMMITTEE. HE'S ASKING FOR HAD IT
HE'S ASKING FOR HAD IT PRESIDENT'S TAX RETURNS FROM
PRESIDENT'S TAX RETURNS FROM 2013 TO 2018.
2013 TO 2018. AND HE WANTS IT ALL BY APRIL 10.
AND HE WANTS IT ALL BY APRIL 10. THAT'S ONE WEEK FROM TODAY.
THAT'S ONE WEEK FROM TODAY. HE WRITES QUOTE CONSISTENT WITH
HE WRITES QUOTE CONSISTENT WITH ITS AUTHORITY THE KMUTCOMMITTEE
ITS AUTHORITY THE KMUTCOMMITTEE CONSIDERING LEGISLATIVE
CONSIDERING LEGISLATIVE PROPOSALS INCLUDING BUT NOT
PROPOSALS INCLUDING BUT NOT LIMITED TO THE EXTENT TO COME
LIMITED TO THE EXTENT TO COME THE IRS AUDITS AND ENFORCES LAWS
THE IRS AUDITS AND ENFORCES LAWS AGAINST THE PRESIDENT.
AGAINST THE PRESIDENT. THE PRESIDENT LEARNED OF THE
THE PRESIDENT LEARNED OF THE REQUEST EARLIER THIS EVENING.
REQUEST EARLIER THIS EVENING. >> IS THAT ALL?
>> IS THAT ALL? USUALLY IT'S TEN.
USUALLY IT'S TEN. SO I GUESS THEY'RE GIVING UP.
SO I GUESS THEY'RE GIVING UP. WE'RE UNDER AUDIT DESPITE WHAT
WE'RE UNDER AUDIT DESPITE WHAT PEOPLE SAID.
PEOPLE SAID. WE'RE WORKING THAT OUT AS I'M
WE'RE WORKING THAT OUT AS I'M ALWAYS UNDER AUDIT IT SEEMS.
ALWAYS UNDER AUDIT IT SEEMS. I'VE BEEN UNDER AUDIT FORMANY
I'VE BEEN UNDER AUDIT FORMANY YEARS BECAUSE THE NUMBERS ARE
YEARS BECAUSE THE NUMBERS ARE BIG AND I GUESS WHEN YOU HAVE A
BIG AND I GUESS WHEN YOU HAVE A NAME, YOU'RE AUDITED.
NAME, YOU'RE AUDITED. BUT UNTIL SUCH TIME AS I'M NOT
BUT UNTIL SUCH TIME AS I'M NOT UNDER AUDIT I WOULD NOT BE
UNDER AUDIT I WOULD NOT BE INCLINED TO DO THAT.
INCLINED TO DO THAT. THANK YOU.
THANK YOU. >> MAYBE IT'S BECAUSE YOU'RE
>> MAYBE IT'S BECAUSE YOU'RE SHADY.
SHADY. CANDIDATE TRUMP REFUSED TO
CANDIDATE TRUMP REFUSED TO RELEASE HIS TAXES, SOMETHING
RELEASE HIS TAXES, SOMETHING OTHER PRESIDENTIAL CANDIDATES
OTHER PRESIDENTIAL CANDIDATES HAVE ROUTINELY DONE.
HAVE ROUTINELY DONE. HE USED THAT SAME EXCUSE BACK
HE USED THAT SAME EXCUSE BACK THEN.
THEN. >> I PAY HUNDREDS OF MILL YNGZ
>> I PAY HUNDREDS OF MILL YNGZ IN TAXES BUT AS SOON AS MY
IN TAXES BUT AS SOON AS MY ROUTINE AUDIT'S FINISHES, I'LL
ROUTINE AUDIT'S FINISHES, I'LL RELEASE MY RETURNS.
RELEASE MY RETURNS. I'LL BE PROUD TO.
I'LL BE PROUD TO. >> IT'S A ROUTINE AUDIT I THINK
>> IT'S A ROUTINE AUDIT I THINK BUT UNTIL IT'S FINISHED, I WON'T
BUT UNTIL IT'S FINISHED, I WON'T BE RELEASING.
BE RELEASING. I'LL RELEASE IT WHEN THE AUDIT'S
I'LL RELEASE IT WHEN THE AUDIT'S COMPLETED.
COMPLETED. >> AND TWO OF OUR FRIENDS FROM
>> AND TWO OF OUR FRIENDS FROM THE "WASHINGTON POST," WHITE
THE "WASHINGTON POST," WHITE HOUSE BUREAU CHIEF WHO ALSO
HOUSE BUREAU CHIEF WHO ALSO MODERATES WASHINGTON WEEK ON
MODERATES WASHINGTON WEEK ON PBS.
PBS. IT'S HARD TO WATCH THOSE CLIPS
IT'S HARD TO WATCH THOSE CLIPS NOW WITHOUT LAUGHING.
NOW WITHOUT LAUGHING. CLEARLY HE WILL NOT.
CLEARLY HE WILL NOT. AND THIS SEEMS LUKE A NEW AND
AND THIS SEEMS LUKE A NEW AND DIFFERENT MOVE TO GET SOMETHING
DIFFERENT MOVE TO GET SOMETHING THAT DONALD TRUMP HAS DESCRIBED
THAT DONALD TRUMP HAS DESCRIBED AS EXISTING BEYOND HIS RED LINE.
AS EXISTING BEYOND HIS RED LINE. >> I THINK THAT'S RIGHT, NICOLE.
>> I THINK THAT'S RIGHT, NICOLE. THE NEVER ENDING AUDIT.
THE NEVER ENDING AUDIT. AND IT'S IMPORTANT TO POINT OUT
AND IT'S IMPORTANT TO POINT OUT THE PRESIDENT KEEPS SAYING HIS
THE PRESIDENT KEEPS SAYING HIS TAX RETURNS ARE UNDER AUDIT BUT
TAX RETURNS ARE UNDER AUDIT BUT WHO'S NOT PROVIDED ANY EVIDENCE
WHO'S NOT PROVIDED ANY EVIDENCE OF THE AUDIT.
OF THE AUDIT. THE IRS OF COURSE WOULDN'T
THE IRS OF COURSE WOULDN'T COMMENT ON INDIVIDUAL CASES.
COMMENT ON INDIVIDUAL CASES. SO WE'RE LEFT TO GUESS WHAT
SO WE'RE LEFT TO GUESS WHAT MIGHT BE GOING ON THERE.
MIGHT BE GOING ON THERE. IT SETS UP WHAT COULD
IT SETS UP WHAT COULD POTENTIALLY BE A COURT FIGHT
POTENTIALLY BE A COURT FIGHT THAT COULD TAKE EVEN YEARS.
THAT COULD TAKE EVEN YEARS. THE EXPECTATION AMONG DEMOCRATS
THE EXPECTATION AMONG DEMOCRATS IS THE PRESIDENT AND HIS
IS THE PRESIDENT AND HIS ADMINISTRATION WILL RESIST THIS
ADMINISTRATION WILL RESIST THIS REQUEST AND IT WOULD COMPEL THE
REQUEST AND IT WOULD COMPEL THE DEMOCRATS TO PURSUE A LEGAL
DEMOCRATS TO PURSUE A LEGAL CHALLENGE AND THAT'S WHY THE
CHALLENGE AND THAT'S WHY THE LETTER WAS SO CAREFULLY WORDED.
LETTER WAS SO CAREFULLY WORDED. >> I HAVE SO MANY QUESTIONS FOR
>> I HAVE SO MANY QUESTIONS FOR YOU.
YOU. BUT I WANT TO START WITH
BUT I WANT TO START WITH TESTIMONY ON THIS VERY QUESTION.
TESTIMONY ON THIS VERY QUESTION. WHY IS THE PRESIDENT REFUSED TO
WHY IS THE PRESIDENT REFUSED TO RELEASE HIS TAX RETURNS?
RELEASE HIS TAX RETURNS? >> WHAT THE REAL REASON IS THAT
>> WHAT THE REAL REASON IS THAT THE PRESIDENT HAS REFUSED TO
THE PRESIDENT HAS REFUSED TO RELEASE HIS TAX RETURNS?
RELEASE HIS TAX RETURNS? >> STATEMENTS HE SAID TO ME IS
>> STATEMENTS HE SAID TO ME IS WHAT HE DIDN'T WANT WAS TO HAVE
WHAT HE DIDN'T WANT WAS TO HAVE AN ENTIRE GROUP OF THINK TANKS
AN ENTIRE GROUP OF THINK TANKS THAT ARE TAX EXPERTS RUN THROUGH
THAT ARE TAX EXPERTS RUN THROUGH HIS TAX RETURN AND START RUPPING
HIS TAX RETURN AND START RUPPING IT TO PIECES AND THEN HE'LL END
IT TO PIECES AND THEN HE'LL END UP IN AN AUDIT AND HE'LL
UP IN AN AUDIT AND HE'LL ULTIMATELY HAVE TAXABLE
ULTIMATELY HAVE TAXABLE CONSEQUENCES, PENALTIES AND SO
CONSEQUENCES, PENALTIES AND SO ON O.
ON O. >> I'M NOT A TAX ATTORNEY.
>> I'M NOT A TAX ATTORNEY. BUT I THINK YOU ONLY HAVE
BUT I THINK YOU ONLY HAVE SOMETHING RIPPED TO PIECES WITH
SOMETHING RIPPED TO PIECES WITH TAXABLE CONSEQUENCES AND
TAXABLE CONSEQUENCES AND PENALTIES IF YOU'VE BROKEN TAX
PENALTIES IF YOU'VE BROKEN TAX LAWS, NO?
LAWS, NO? >> LOOKING BACK AT PRESIDENT
>> LOOKING BACK AT PRESIDENT TRUMP'S CAMPAIGN TO 2015, I RRM
TRUMP'S CAMPAIGN TO 2015, I RRM AS A REPORTER, HE AND MR. COHEN
AS A REPORTER, HE AND MR. COHEN PROVIDED THE "WASHINGTON POST"
PROVIDED THE "WASHINGTON POST" AT THE TIME WITH A ONE-PAGE
AT THE TIME WITH A ONE-PAGE DOCUMENT A FINANCIAL SUMMARY OF
DOCUMENT A FINANCIAL SUMMARY OF HIS ASTS AND WE ASKED WOULD THEY
HIS ASTS AND WE ASKED WOULD THEY BE PROVIDING A TAX RETURN AND IT
BE PROVIDING A TAX RETURN AND IT TALKS ABOUT HIS WORTH, NET WORTH
TALKS ABOUT HIS WORTH, NET WORTH AS SOMETHING VERY MUCH ALSO
AS SOMETHING VERY MUCH ALSO INVOLVING HIS BRAND VALUE, AS
INVOLVING HIS BRAND VALUE, AS WELL AS HIS PROPERTIES.
WELL AS HIS PROPERTIES. A TAX RETURN WOULD OFFER MUCH
A TAX RETURN WOULD OFFER MUCH MORE DETAIL THAN THE ONE-PAGE
MORE DETAIL THAN THE ONE-PAGE SUMMARY HE OFFERED TO THE
SUMMARY HE OFFERED TO THE "WASHINGTON POST" AND OTHER
"WASHINGTON POST" AND OTHER MEDIA OUTLETS AT THE TIME AND
MEDIA OUTLETS AT THE TIME AND THAT'S SOMETHING MR. COHEN AND
THAT'S SOMETHING MR. COHEN AND MR. TRUMP IT DID NOT WANT TO DO
MR. TRUMP IT DID NOT WANT TO DO TO SHARE THE FULL EXIT TENT OF
TO SHARE THE FULL EXIT TENT OF THAT FINANCIAL EMPIRE THAT HE
THAT FINANCIAL EMPIRE THAT HE HAS IN REAL ESTATE AND HIS
HAS IN REAL ESTATE AND HIS DIFFERENT HOLDINGS.
DIFFERENT HOLDINGS. YOU SEE INSIDE THE WHITE HOUSE
YOU SEE INSIDE THE WHITE HOUSE TONIGHT THEY WOULD LIKE THE RUN
TONIGHT THEY WOULD LIKE THE RUN AGAINST THE DEMOCRATS IN THE
AGAINST THE DEMOCRATS IN THE HOUSE AS OVER STEPPING.
HOUSE AS OVER STEPPING. AND OVERSIGHT ON ISSUES LIKE
AND OVERSIGHT ON ISSUES LIKE SECURITY CLEARANCES WHICH DOES
SECURITY CLEARANCES WHICH DOES ALARM MANY WHITE HOUSE OFFICIALS
ALARM MANY WHITE HOUSE OFFICIALS PRIVATELY BECAUSE IT RAUZS
PRIVATELY BECAUSE IT RAUZS QUESTIONS ABOUT THE PRESIDENT'S
QUESTIONS ABOUT THE PRESIDENT'S CONDUCT.
CONDUCT. >> IS THERE ANY CONCERN THAT
>> IS THERE ANY CONCERN THAT WITH QUESTIONS STILL LOOMING
WITH QUESTIONS STILL LOOMING ABOUT CONFLINGTS OF INTEREST,
ABOUT CONFLINGTS OF INTEREST, ABOUT JARED KUSHNER'S BACKGROUND
ABOUT JARED KUSHNER'S BACKGROUND CHECK THAT KNOWING WHERE THE
CHECK THAT KNOWING WHERE THE PRESIDENT'S MONEY IS COMING FROM
PRESIDENT'S MONEY IS COMING FROM AND THE SUZ OF HIS WEALTH, THAT
AND THE SUZ OF HIS WEALTH, THAT THOSE QUESTIONS MAY BE VIEWED AS
THOSE QUESTIONS MAY BE VIEWED AS CENTRAL
CENTRAL CENTRAL TO HIS PRESIDENCY?
CENTRAL TO HIS PRESIDENCY? >> AND IT'S CENTRAL TO LEARN
>> AND IT'S CENTRAL TO LEARN MORE ABOUT HOW OUR ELECTED
MORE ABOUT HOW OUR ELECTED LEADERS -- IT GIVES CONTXT.
LEADERS -- IT GIVES CONTXT. IF SOMEONE TALKS MULTIPLE
IF SOMEONE TALKS MULTIPLE MEETINGS WITH A CERTAIN
MEETINGS WITH A CERTAIN AMBASSADOR OR A MAJOR INDUSTRY
AMBASSADOR OR A MAJOR INDUSTRY IN A CERTAIN COUNT ERA.
IN A CERTAIN COUNT ERA. I HEAR THIS FROM VOTERS WE TALK
I HEAR THIS FROM VOTERS WE TALK TO ON THE CAMPAIGN TRAIL WHETHER
TO ON THE CAMPAIGN TRAIL WHETHER IT'S DEMOCRAT OR REPUBLICAN.
IT'S DEMOCRAT OR REPUBLICAN. WHAT IS IT THE FINANCIAL STATUS
WHAT IS IT THE FINANCIAL STATUS OF A POLITICIAN WITH REGARD TO
OF A POLITICIAN WITH REGARD TO THAT COUNTRY OR THAT COMPANY.
THAT COUNTRY OR THAT COMPANY. IT'SALL WAS BETTER TO HAVE MORE
IT'SALL WAS BETTER TO HAVE MORE INFORMATION, NOT LESS AND WE'VE
INFORMATION, NOT LESS AND WE'VE BEEN OPERATING IN THE DARK FOR
BEEN OPERATING IN THE DARK FOR SO LONG WITH PRESIDENT TRUMP'S
SO LONG WITH PRESIDENT TRUMP'S FINANCES ON MANY FRONTS.
FINANCES ON MANY FRONTS. >> YOUGAVE THE PERFECT SUMMATION
>> YOUGAVE THE PERFECT SUMMATION BUT ON IT THE POLITICAL SIDE,
BUT ON IT THE POLITICAL SIDE, ARE THEY PREPARED TO CONTINUE TO
ARE THEY PREPARED TO CONTINUE TO CAN DEFEND PRESIDENT TRUMP'S
CAN DEFEND PRESIDENT TRUMP'S REFUSAL TO RELEASE HIS TAXES.
REFUSAL TO RELEASE HIS TAXES. WE HEAR ABOUT HOW MUCH DECEIT
WE HEAR ABOUT HOW MUCH DECEIT HAS GONE INTO HIS WEALTH, WHERE
HAS GONE INTO HIS WEALTH, WHERE HIS MONEY CAME FROM.
HIS MONEY CAME FROM. IS THERE ANY WORRY ABOUT THE
IS THERE ANY WORRY ABOUT THE POLITIC SHIFTING UNDERNEATH
POLITIC SHIFTING UNDERNEATH THEM?
THEM? >> I THINK BOB HIT AN IMPORTANT
>> I THINK BOB HIT AN IMPORTANT POINT WHEN HE SAID THIS COULD BE
POINT WHEN HE SAID THIS COULD BE A WELCOME FRIGHT THE IT
A WELCOME FRIGHT THE IT PRESIDENT BECAUSE HE HAS BEEN
PRESIDENT BECAUSE HE HAS BEEN LOOKING TO TRY TO CAST HOUSE
LOOKING TO TRY TO CAST HOUSE DEMOCRATS AS OVER REACHING,
DEMOCRATS AS OVER REACHING, DIGGING INTO THINGS, TRYING TO
DIGGING INTO THINGS, TRYING TO OBSTRUCT HIS AGENDA AND LOOK FOR
OBSTRUCT HIS AGENDA AND LOOK FOR SCANDALS.
SCANDALS. THAT BEING SAID THIS PRESIDENT'S
THAT BEING SAID THIS PRESIDENT'S FINANCIAL ARCHITECTURE IS
FINANCIAL ARCHITECTURE IS INCREDIBLY COMPLEX, NOT LUKE ANY
INCREDIBLY COMPLEX, NOT LUKE ANY OF HIS IMMEDIATE PREDECESSORS
OF HIS IMMEDIATE PREDECESSORS AND THERE ARE A LOT OF DARK
AND THERE ARE A LOT OF DARK HOLES, QUESTION MARKS AND THIS
HOLES, QUESTION MARKS AND THIS IS A SUBJECT OF INTENSE INTEREST
IS A SUBJECT OF INTENSE INTEREST AMONG THE PUBLIC AND AMONG THE
AMONG THE PUBLIC AND AMONG THE DEMOCRATS HOPING TO RUN AGAINST
DEMOCRATS HOPING TO RUN AGAINST HIM WHO WOULD TLUKLIKE TO MAKE A
HIM WHO WOULD TLUKLIKE TO MAKE A ISSUE OUT OF THIS.
ISSUE OUT OF THIS. AND ONE OF THE FIRST BIG
AND ONE OF THE FIRST BIG DECISION GOING TO COME TO
DECISION GOING TO COME TO TREASURY SECRETARY MNUCHIN AND
TREASURY SECRETARY MNUCHIN AND HOW HE RESPOND TO THE IT
HOW HE RESPOND TO THE IT DEMOCRATS.
DEMOCRATS. WHAT LEGAL ARG DO THEY MARSHAL

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