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Why don’t Republicans want to see Trump’s tax returns?

 
unsmoked
 
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unsmoked
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15 August 2019 13:13
 

Q:  Why doesn’t Trump release his tax returns.

A:  Because it wouldn’t help his bid for re-election in 2020.

Q:  Why wouldn’t it help his bid for re-election? 

https://thehill.com/blogs/congress-blog/politics/425784-why-all-presidential-nominees-should-release-their-tax-returns

Tax returns contain vital information such as whether a candidate or a president has paid any taxes; what they own; what they’ve borrowed and from whom; whether they’ve made charitable contributions; whether they’ve taken advantage of tax loopholes or offshore tax shelters; and whether they have foreign bank accounts. Only a full release of tax returns can provide the public with clear information as to potential conflicts of interest and whether there could be potential entanglements with foreign governments and foreign businesses.

What we know about the current president’s finances are instructive as to the importance of tax returns. Last year, a stunning New York Times investigative report revealed that President Trump received the equivalent of $413 million in today’s dollars from his father but avoided paying millions of dollars in taxes through complex financial arrangements and questionable tax loopholes which experts say could constitute tax fraud. In light of these revelations, it’s more important than ever that this president release his tax returns and that Congress takes action to ensure future presidents and candidates do the same.

 
 
MrRon
 
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MrRon
Total Posts:  1861
Joined  14-08-2008
 
 
 
16 August 2019 05:02
 

All the things Trump has said about releasing his tax returns:
https://money.cnn.com/2017/04/17/news/donald-trump-tax-returns/index.html

MAY 20, 2014:

More than a year before he announced his presidential campaign, Trump told an Irish television station that he would “absolutely” release his tax returns if he entered the race.

“If I decide to run for office, I’ll produce my tax returns, absolutely,” he said. “And I would love to do that.”


FEBRUARY 25, 2015:

Trump told radio host Hugh Hewitt that he would “certainly show tax returns if it was necessary.”


OCTOBER 4, 2015: 

Trump said in an interview with ABC’s George Stephanopoulos that he was considering releasing his tax returns.

“I’m thinking about maybe when we find out the true story on Hillary’s emails,” he said of Democratic presidential candidate Hillary Clinton.


JANUARY 24, 2016:

Trump told NBC’s Chuck Todd that he had “very big returns.”

Asked if he would release them publicly, Trump said, “we’re working on that now.”

“I have very big returns, as you know, and I have everything all approved and very beautiful and we’ll be working that over in the next period of time, Chuck,” Trump said. “Absolutely.”


FEBRUARY 11, 2016:

Trump appeared again on Hewitt’s radio program and said of his returns, “we’ll get them out at some point, probably.”


FEBRUARY 24, 2016:

Trump told CNN’s Anderson Cooper that he has a “very complex system of taxes.”

“We’ll make a determination over the next couple of months,” he said. “It’s very complicated.”


FEBRUARY 25, 2016:

Trump tweeted that he’s already filed public financial disclosure forms that are “great.” He said that tax returns “have 0 to do w/ someone’s net worth.”

The disclosure forms do give wide estimates of asset value. But tax returns would reveal much more. Even the top two pages of his 1040 and Schedule A, for example, would say how much taxable income he made, how much he paid in taxes, his charitable contributions and whether he paid tax to any foreign governments.

During a CNN-Telemundo debate later that day, Trump said he wanted to release his tax returns, but could not while he’s under audit.

“I’ve had it for years. I get audited. And obviously if I’m being audited, I’m not going to release a return,” he said. “As soon as the audit is done, I love it.”


FEBRUARY 27, 2016:

Trump revisits the audit argument on Twitter.

“Tax experts throughout the media agree that no sane person would give their tax returns during an audit,” he said. “After the audit, no problem!”


MAY 11, 2016:

Trump tells the Associated Press that his taxes are under “routine audit” and he will release them when the audit is done.

“I would release my tax returns when audit is complete, not after election!” he tweeted about the interview.


SEPTEMBER 27, 2016:

Trump says during the first presidential debate that his taxes will be released once an audit is finished.

“I don’t mind releasing. I’m under a routine audit, and it will be released. As soon as the audit’s finished, it will be released,” he said.


OCTOBER 4, 2016:

Mike Pence says during a vice presidential debate with Democratic candidate Tim Kaine that Trump has not “broken his promise” about releasing tax returns.

“Look, Donald Trump has filed over 100 pages of financial disclosure, which is what the law requires,” Pence said. He added that trump is “going to release his tax returns when the audit is over.”


JANUARY 22, 2017:

White House senior adviser Kellyanne Conway said on ABC’s “This Week” that “the White House response is that he’s not going to release his tax returns.”

She added: “We litigated this all through the election. People didn’t care.”


JANUARY 23, 2017:

Conway clarifies her comments with a tweet: “On taxes, answers (& repeated questions) are same from campaign: POTUS is under audit and will not release until that is completed.”


APRIL 16, 2017:

A day after protestors called on Trump to release his tax returns, the president derided the demonstrators on Twitter.

“I did what was an almost an impossible thing to do for a Republican-easily won the Electoral College!” he tweeted. “Now Tax Returns are brought up again?”


APRIL 17, 2017: 

Spicer, the White House press secretary, says Trump’s tax returns are still under audit.

“It’s the same thing that was discussed during the campaign trail, the president is under audit. It’s a routine one that continues,” he said.

Asked in a later exchange if we can assume Trump will never release his returns, Spicer said he would “get back to you on that.”


Ron

 
unsmoked
 
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unsmoked
Total Posts:  8628
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17 August 2019 12:01
 
MrRon - 16 August 2019 05:02 AM

All the things Trump has said about releasing his tax returns:
https://money.cnn.com/2017/04/17/news/donald-trump-tax-returns/index.html

MAY 20, 2014:

More than a year before he announced his presidential campaign, Trump told an Irish television station that he would “absolutely” release his tax returns if he entered the race.

“If I decide to run for office, I’ll produce my tax returns, absolutely,” he said. “And I would love to do that.”


FEBRUARY 25, 2015:

Trump told radio host Hugh Hewitt that he would “certainly show tax returns if it was necessary.”


OCTOBER 4, 2015: 

Trump said in an interview with ABC’s George Stephanopoulos that he was considering releasing his tax returns.

“I’m thinking about maybe when we find out the true story on Hillary’s emails,” he said of Democratic presidential candidate Hillary Clinton.


JANUARY 24, 2016:

Trump told NBC’s Chuck Todd that he had “very big returns.”

Asked if he would release them publicly, Trump said, “we’re working on that now.”

“I have very big returns, as you know, and I have everything all approved and very beautiful and we’ll be working that over in the next period of time, Chuck,” Trump said. “Absolutely.”


FEBRUARY 11, 2016:

Trump appeared again on Hewitt’s radio program and said of his returns, “we’ll get them out at some point, probably.”


FEBRUARY 24, 2016:

Trump told CNN’s Anderson Cooper that he has a “very complex system of taxes.”

“We’ll make a determination over the next couple of months,” he said. “It’s very complicated.”


FEBRUARY 25, 2016:

Trump tweeted that he’s already filed public financial disclosure forms that are “great.” He said that tax returns “have 0 to do w/ someone’s net worth.”

The disclosure forms do give wide estimates of asset value. But tax returns would reveal much more. Even the top two pages of his 1040 and Schedule A, for example, would say how much taxable income he made, how much he paid in taxes, his charitable contributions and whether he paid tax to any foreign governments.

During a CNN-Telemundo debate later that day, Trump said he wanted to release his tax returns, but could not while he’s under audit.

“I’ve had it for years. I get audited. And obviously if I’m being audited, I’m not going to release a return,” he said. “As soon as the audit is done, I love it.”


FEBRUARY 27, 2016:

Trump revisits the audit argument on Twitter.

“Tax experts throughout the media agree that no sane person would give their tax returns during an audit,” he said. “After the audit, no problem!”


MAY 11, 2016:

Trump tells the Associated Press that his taxes are under “routine audit” and he will release them when the audit is done.

“I would release my tax returns when audit is complete, not after election!” he tweeted about the interview.


SEPTEMBER 27, 2016:

Trump says during the first presidential debate that his taxes will be released once an audit is finished.

“I don’t mind releasing. I’m under a routine audit, and it will be released. As soon as the audit’s finished, it will be released,” he said.


OCTOBER 4, 2016:

Mike Pence says during a vice presidential debate with Democratic candidate Tim Kaine that Trump has not “broken his promise” about releasing tax returns.

“Look, Donald Trump has filed over 100 pages of financial disclosure, which is what the law requires,” Pence said. He added that trump is “going to release his tax returns when the audit is over.”


JANUARY 22, 2017:

White House senior adviser Kellyanne Conway said on ABC’s “This Week” that “the White House response is that he’s not going to release his tax returns.”

She added: “We litigated this all through the election. People didn’t care.”


JANUARY 23, 2017:

Conway clarifies her comments with a tweet: “On taxes, answers (& repeated questions) are same from campaign: POTUS is under audit and will not release until that is completed.”


APRIL 16, 2017:

A day after protestors called on Trump to release his tax returns, the president derided the demonstrators on Twitter.

“I did what was an almost an impossible thing to do for a Republican-easily won the Electoral College!” he tweeted. “Now Tax Returns are brought up again?”


APRIL 17, 2017: 

Spicer, the White House press secretary, says Trump’s tax returns are still under audit.

“It’s the same thing that was discussed during the campaign trail, the president is under audit. It’s a routine one that continues,” he said.

Asked in a later exchange if we can assume Trump will never release his returns, Spicer said he would “get back to you on that.”

Ron

Right now, about 55% of Americans know what kind of person Trump is.  If his tax returns are made public it will be spelled out for the other 45%, (including the 80% of white evangelicals who support him).

https://www.msnbc.com/all-in/watch/donald-trumps-favorite-book-505029187689

https://www.newyorker.com/news/news-desk/an-american-tragedy-2

 

 
 
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