Maxine Waters is set to take leadership position, could subpoena Trump's tax returns

Twitter users react to Maxine Waters most likely taking over the House Financial Services Committee. Twitter users react to Maxine Waters most likely taking over the House Financial Services Committee. Photo: Twitter Photo: Twitter Image 1 of / 77 Caption Close Maxine Waters is set to take leadership position, could subpoena Trump's tax returns 1 / 77 Back to Gallery

Rep. Maxine Waters, D. Calif., easily won re-election Tuesday night and as the ranking member, is likely set to take over as the chairperson of the House Financial Services Committee.

Waters, a vocal critic (and often target) of Trump, has served as the top Democrat on the committee since Barney Frank retired in 2013, and a number of liberal Twitter rejoiced in the fact that Waters has the power to subpoena President Trump's tax returns.

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Fact-checking website Snopes noted that this is true, since the Financial Services Committee has investigative power over an "extremely broad range of matters."

However, several conservative Twitter users noted that the potential circus a Waters subpoena of Trump's taxes could cause might ultimately help him win re-election in 2020.

Click through the slideshow above for reactions to Maxine Waters' likely leadership position.