Senate Finance chair raises prospect of subpoena for Harlan Crow over Clarence Thomas ties

📆 06/06/2023 05:15 p. m.
📰 CBSNews

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Senate Finance Committee Chairman Ron Wyden accused Harlan Crow of 'doubling down on bogus legal theories.'

The head of the Senate Finance Committee said Tuesday that the panel is discussing"next steps" to force GOP megadonor Harlan Crow to provide information about his

"Far too often, efforts to investigate real life tax practices of the ultra-wealthy and powerful end with this kind of vague, carefully-worded assurance that everything is on the level," the senator said of the responses from Crow's lawyer, Michael Bopp."That's simply not good enough. This is exactly why the Finance Committee is pursuing this matter as part of its broader review of gift and estate tax practices of ultra-high net worth individuals.

Legislative efforts addressing issues surrounding estate and gift taxes are not active in the current Congress, Bopp argued.

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