constitution ever predicted somebody could have been planning a trump tower in moscow. and then when he is an office, so, let s just not run an audit. it is extraordinary. joyce, what sticks out to you in the committee s report? it is the layers of potential problems here that tim is talking about. there are issues, of course, of personal tax liability. the standard for holding a taxpayer accountable is exacting and involves intent and knowledge, but in a situation like this where you have the potential loan issue, that is something that needs to be scrutinized. but what we are really focused on tonight more than whether there are personal issues, whether they are criminal, or civil of tax irresponsibility is this massive dysfunction at the irs, we are some healthy mandatory audit policy. it was overwritten and those audits did not take place like they should have.
tomorrow. we learned that the select committee has already begun returning documents and transcripts over to the department of justice. with that, let s get smarter with our lead off panel tonight. anchor for washington post live and coauthor of his morning newsletter, the early 202. and bloomberg opinion senior columnist, and msnbc political analyst, he is one of the only people who has actually seen donald trump s taxes and written a book all about him. and former u.s. attorney, joyce vance, who spent 25 years as a federal prosecutor. she s also a law professor at the university of alabama. so, what have we learned? despite the fact that donald trump told us for years that he was under audit and couldn t release the taxes, he was not, not while he was president, the traditional presidential audit was never taking place. what did we learn? he had very big credits, very big deductions, what he did not have was a big tax bill. and we deserve to know why. the head of the irs at the time
a person coming into the oval office with the kinds of financial entanglements and conflicts of interest when donald trump possess when he landed there. that being said the reason why we have institutions like the irs in the congress, the reason why we have separations of powers, is so that there are checks and balances to prevent abuses. and donald trump and his minions in his administration simply ran roughshod over all of those. and we have to understand why. and i think that is the heart of what the house ways and v is looking into. the framers of the constitution ever predicted that somebody could have been planning a trump tower in moscow. and then when he s in office, oh, let s just not run an audit. it s extraordinary. joyce, what stands out to you in the committee s report? it is the layers of potential problems here that
heading back to the u. s. to face charges william lung musk elon musk might be serious about finding twitter s next ceo as the 11th hour gets underway on this very busy tuesday night. good evening once again. i am stephanie ruhle. we begin this evening s broadcast with more bad news for former president, donald j trump. not long ago after more than four hours of a closed door meeting, the house ways and means committee voted to release six years of donald trump s tax returns to the public. trump has spent years battling to keep his returns secret, lawmakers say that it could take a few more days to redact the documents before they are released. but tonight, the committee did release two reports on trump s tax returns, one of the big takeaways is that the irs field to audit former president trump s tax filings, despite a long-standing policy that makes the auditing of sitting presidents mandatory. here is how the chairman of the ways
they clearly were not doing their job. that is actually well, let s just say that the senate democrats taking up the mantle of house democrats is under discussion and there is talk about how what they would need to do moving forward, not only on the tax issue but on other investigations as well. you can be sure that the irs is going to be a focus of investigations next year. biden is going to be the focus of investigations foreshore by house republicans. and it is not going to be their fact that they did not audit, do what they were supposed to do regarding trump s taxes. it is talking about legislation that democrats passed to ensure that people, you know, wealthy people do pay their fair share, in taxes. that is what house republicans are going to be focusing on. one thing that house democrats, the ways committee says that they want to do, and speaker pelosi said that she is going to do before congress adjourns by the end of