Washington Week

Friday Nights on PBS


News You Need to Know

Confidential draft IRS memo says tax returns must be given to Congress unless president invokes executive privilege

May 22, 2019
Josh Dawsey, Jeff Stein | The Washington Post
A confidential Internal Revenue Service legal memo says tax returns must be given to Congress unless the president takes the rare step of asserting executive privilege, according to a copy of the memo obtained by The Washington Post.
News You Need to Know

Post-NYT tax story, Trump twice avoids questions from reporters

May 9, 2019
Kaitlan Collins | CNN
The president faces a lot of questions about his personal finances today as House Democrats weigh their next move to try to obtain the president's tax returns. The New York Times obtained printouts of tax transcripts belonging to Mr. Trump. The Times found then-private citizen Trump lost more than a billion dollars in a decade.
News You Need to Know

Trump sues in bid to block congressional subpoena of financial records

April 22, 2019
Rachael Bade, John Wagner | The Washington Post
President Trump and his business sued House Oversight Committee Chairman Elijah E. Cummings (D-Md.) in a bid to block a congressional subpoena of his financial records on Monday. The lawsuit seeks a court order to prevent Trump’s accounting firm from complying with what his lawyers say is an improper use of subpoena power by congressional Democrats.
News You Need to Know

House backs bill barring IRS from offering free tax filing services

April 10, 2019
Rachael Bade, Jeff Stein | The Washington Post
Liberals abandoned a last-minute rebellion Tuesday over a bill to change the Internal Revenue Service, with Democratic leaders easily pushing legislation through the House that would bar the IRS from creating free tax preparation software.
News You Need to Know

Bank tells House Democrats to issue subpoena if they want Trump financial documents

April 5, 2019
Manu Raju, Jeremy Herb, Lauren Fox | CNN
House Democrats are telling Capital One bank to turn over a host of financial records about President Donald Trump and the Trump International Hotel, as part of a wide-ranging investigation into Trump's potential financial conflicts of interest and whether he's in compliance with the Constitution's clause ensuring he doesn't receive gifts from foreign governments.
News You Need to Know

House passes 'Tax Reform 2.0' bill, no Senate vote scheduled

October 1, 2018
Ylan Mui | CNBC
The House of Representatives voted to pass the "Tax Reform 2.0" bill. No Senate vote scheduled before midterm elections.
News You Need to Know

Tax overhaul remains unpopular, poll shows

April 17, 2018
Janet Hook | The Wall Street Journal
More people view the Republican tax overhaul as a bad idea than a good one, a new Wall Street Journal/NBC News poll has found, but Americans see the GOP as better equipped than Democrats to handle taxes, trade and other economic issues.
News You Need to Know

House GOP wants to set a vote to make individual tax cuts permanent

April 5, 2018
Ylan Mui | CNBC
Republicans are drafting legislation to make permanent the reductions to individual tax rates and a provision that allows businesses to fully deduct expenses immediately, according to two people briefed on the discussions.
News You Need to Know

Tax cuts, round 2: GOP looks to punish Democrats in 2018

March 28, 2018
Rachael Bade, Burgess Everett | POLITICO
Republicans are dreaming of passing another round of tax cuts this year — or at least making vulnerable Democrats squirm by voting against them.
Subscribe to Taxes