Trump’s bank has tax records Congress seek­ing in sub­poe­nas

The Morning Call - - NATION & WORLD -

WASH­ING­TON — Pres­i­dent Don­ald Trump’s big­gest lender has in its pos­ses­sion tax records Congress is seek­ing in tar­get­ing the pres­i­dent’s fi­nan­cial deal­ings, the bank on Tues­day told a fed­eral ap­peals court in New York.

The dis­clo­sure from Deutsche Bank came in re­sponse to a court or­der as part of a le­gal bat­tle be­tween Congress and the pres­i­dent over ac­cess to Trump’s busi­ness records.

The bank’s public redacted re­sponse filed Tues­day did not iden­tify by name whose records it has.

The rev­e­la­tion pro­vides new de­tails about the pool of pos­si­ble doc­u­ments Congress might ob­tain. The House Fi­nan­cial Ser­vices and In­tel­li­gence com­mit­tees have sub­poe­naed the banks for years of fi­nan­cial doc­u­ments from the pres­i­dent, his three el­dest chil­dren and the pres­i­dent’s com­pa­nies.

An unredacted let­ter, with the names of in­di­vid­u­als or en­ti­ties, was also filed un­der seal and fol­lowed a spir­ited dis­cus­sion dur­ing oral ar­gu­ments last week. Lawyers for Deutsche Bank and Cap­i­tal One had re­fused to an­swer ques­tions from a three-judge panel about whether the banks have Trump’s tax re­turns.

At the ap­peals court in New York last Fri­day, the pres­i­dent’s lawyers said the House sub­poe­nas over­step con­gres­sional author­ity and are de­signed to em­bar­rass the pres­i­dent for po­lit­i­cal pur­poses.

In a sep­a­rate let­ter Tues­day, lawyers for the House told the court that the sub­poe­nas for the pres­i­dent’s tax records are law­ful if the banks ob­tained the tax re­turns di­rectly from the pres­i­dent or were pro­vided to the banks by the In­ter­nal Rev­enue Ser­vice with Trump’s con­sent.

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