Dem Sen. Wyden Seeks Probe of Alleged Trump Tax Fraud

The top Democrat on the Senate Finance Committee is urging the IRS to investigate claims in The New York Times report that President Donald Trump and his family engaged in "dubious" tax schemes in the 1990s.

In a letter to IRS Commissioner Charles Rettig, Sen. Ron Wyden, D-Ore., called the Times' findings "serious and credible allegations of potentially illegal tax fraud."

"It is not clear whether the statute of limitations has expired in all cases," Wyden wrote. "It is imperative that IRS fully investigate these allegations and prosecute any violations to the fullest extent of the law."

The New York State tax department has said it is reviewing the allegations in the Times report, and New York City's Democratic Mayor Bill de Blasio said Wednesday the city will seek to recoup any money the president owes, Fox News reported.

The president has called the Times story a "hit piece.”

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