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MSNBC MSNBC Reports July 6, 2024

good morning. i m ryan nobles. thank you for joining us. this morning for the first time, the public is getting a firsthand look at six years worth of former president donald trump s taxes. our nbc news team is reading through the returns page by page, combing for news. we ll break down what s inside these highly anticipated documents ahead. with tiktok now banned on house-issued devices, could congress ban it on your phone next. we ll ask a congressman about that. and fliers are making backup plans before they fly. a live up diet from newark airport. an update on pope benedict after he s still in serious condition. we ll find out the latest from rome. and with just 37 hours to go until 2023, organizers in new york city will conduct a test of the famous ball drop. we ll take you live to times square. breaking news. officials say they have arrested someone in pennsylvania in connection with the murders of four students who attended the university of idaho. ....

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MSNBC MSNBC Reports June 4, 2024 16:29:00

But i ll summarize it, tiktok is owned by bytedance and it s a chinese company that has to abide by two laws that the chinese communist party put in place, it must provide all data to the chinese communist party at their request and, two, every company in china, including bytedance and tiktok, must have a chinese communist party cell embedded within its management structuring directing its overall policy. in this case, in bytedance, bytedance s case, the secretary of its ccp internal committee is the very editor in chief of bytedance who has said that all the content on tiktok, as well as all of its products must abide by, quote, correct political direction. ....

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MSNBC MSNBC Reports June 4, 2024 16:27:00

Information. and with us now to talk about this and other headlines is illinois congressman. thank you so much for being here. from your perspective, why is it so important for donald trump s taxes to be made public? i m not thrilled about anyone s tax returns being made public, whether it was the republicans doing it to 50 private not for profit entities in 2014 or donald trump s returns being released today, but in donald trump s particular case, we have to recognize that the presidential audit program was completely broken. it was supposed to mandatorily audit the president s tax returns every year, but it only did so once and only after chairman richie neil took over the committee in 2019 and it was for a year before he became president. and then secondly, the irs is just not equipped to deal with sophisticated taxpayers like donald trump. i think the internal records have revealed that. ....

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MSNBC MSNBC Reports June 4, 2024 16:10:00

Until you look at nonjust the returns themselves, but the backup details. tax prosecutions require willful behavior by the taxpayer. one would expect that trump might try to use a defense if there is something wrong or fraudulent in his taxes, a reliance on his preparers. while that can be a defense, there can also be charges that can be brought based on the underlying knowledge that the taxpayer has, ultimate control what goes into the forms. at this point i would say with this big release, it s very murky. i think the irony here is that four years ago, this committee sought these tax returns which they were entitled to get. the regulation says shall be turned over. and so as you pointed out, it s in many ways a delay game, a game of minimizing any possible misconduct, but here the ultimate issue may be less about trump and more about the irs and ....

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MSNBC MSNBC Reports June 4, 2024 16:03:00

Businesses. texas congressman kevin brady who is the top republican on the committee put out a statement confusing democrats of weaponizing personal information. he also said, quote, this is a regrettable stain on the ways and means committee in congress and will make american politics even more divisive and disheartening. in the long run, democrats will come to regret it. with us to start off our coverage this hour, antonia hylton is live outside trump tower in new york, hans nickels and david k. johnson. he s the author of the big cheat: how donald trump fleeced america and enriched himself and his family and joyce vance who is a law professor at the university of alabama. great panel here to talk about this. what are we hoping to learn from these returns? ....

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