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The Battle Over Trump’s Tax Return Begins

  • Political tax fight could halt health care, retirement work
  • Outside groups are running ads pressuring Democrats to act
IRS Seeks to Close Hedge-Fund Tax Loophole for Carried Interest
Photographer: Andrew Harrer/Bloomberg

House Democrats are facing off with Republicans for a battle that could turn intensely personal for Donald Trump and risks a backlash against the chamber’s new majority -- how to get their hands on the president’s tax returns.

Representative Richard Neal, chairman of the tax-writing House Ways and Means Committee, has said he is all too aware of the political dangers of delving deep into Trump’s personal finances. Neal, of Massachusetts, has delegated the task to his oversight subcommittee, which holds its first hearing Thursday on the matter.