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Trump Ends Where He Began, Fighting Release of Tax Returns

  • Democrats could renew demand for records with Biden sworn in
  • Trump granted hearing, seeks advance notice of any disclosure
Bloomberg business news
Trump Wishes Success and Luck to Biden Administration in Farewell
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Donald Trump’s lawyers made a preemptive move to stop congressional Democrats from obtaining his tax returns as President Joe Biden takes power, asking a judge for an Inauguration Day hearing in a case that could threaten the secrecy of his closely guarded financial information.

The Democrats in the last Congress ran out of time in their efforts to enforce a subpoena demanding that the Treasury Department turn over Trump’s tax information, but the new Congress could re-issue the subpoena in the coming days. At noon on Wednesday, Biden took control of the White House, making it possible that the Justice Department could reverse its position in the case and simply hand over the records.