Treasury Secretary Mnuchin on turning over Trump's tax returns: 'We will follow the law'

Democrats asked Steve Mnuchin about Trump's tax returns at a Thursday hearing.

House Democrats grilled Treasury Secretary Steven Mnuchin on Thursday about how he would handle a request from Congress for the president's tax returns at a Capitol Hill budget hearing.

Democrats, led by the Ways and Means Committee and Chairman Richard Neal, D-Mass., are carefully preparing to request 10 years of the president's personal returns – and fight the subsequent legal battle expected – in the coming weeks.

"First of all, I haven’t received the request. If you have the request for me today I’m happy to accept it," Mnuchin answered. "I can’t speculate on the request until I see it."

He added that he has discussed it with Treasury’s legal department.

"We will examine it and we will follow the law," Mnuchin said. "I’m not aware if there’s ever been a request for an elected official’s tax return, but we will follow the law and we will protect the president as we would protect any individual taxpayer under their rights."

Members of the committee inquired about whether Mnuchin and Trump had personally benefited from changes in the tax law.

Rep. Bill Pascrell, a Democrat from New Jersey, asked "How can we know without seeing his tax returns? Can you tell me that?"

Mnuchin told Rep. Linda Sanchez, D-Calif., that he himself "did not personally benefit," adding that his "combined individual tax rate – of state and federal – did not go down."

When Sanchez pressed him on whether his individual tax rate went down at the federal level, Mnuchin said, "I’d have to look at that."

Rep. Jimmy Gomez, D-Calif., asked the Treasury Secretary, "Has President Trump ever asked you to intervene or ignore the coming request for his tax returns?"

"He has not," Mnuchin replied.

Mnuchin also told the committee that he had "not discussed with anybody in the White House the issue of his tax returns or a request of his tax returns," and that he had "had no discussions with (Trump’s) attorneys."

Before the hearing, Rep. Brendan Boyle, D-Penn., told ABC News, "It would be completely legitimate to ask him about any topic that falls under his purview as secretary of the Treasury. It is actually a basic function of oversight that's one of the main responsibilities of Congress."

The Treasury secretary is required to "furnish" any individual's tax return information to the chairs of three congressional committees "upon written request," under a 1924 provision of the federal tax code.

But the Trump administration is expected to fight the request, and a spokesperson for Mnuchin has told ABC News that the secretary would "review any request with Treasury's attorneys for legality."

Mnuchin was also to appear before the Senate Finance Committee Thursday to discuss the president's 2020 budget request.

Sen. Ron Wyden, D-Ore., the top Democrat on that panel, has raised questions about Treasury's decision to ease sanctions on companies linked to Oleg Deripaska, a Russian oligarch with ties to the Kremlin.

Democrats also want to press Mnuchin on the impact of the GOP tax bill, including tax refunds. They previously sought his testimony on the partial government shutdown's impact on taxpayers.

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