Posts Tagged ‘financial disclosure’

Trump’s Tax Disclosure: Never Mind!

January 23, 2017

Trump's Tax Disclosure: Never Mind!
Presidential candidate Donald Trump repeatedly claimed that he would release his tax documents. He said it well before he threw his hat in the GOP ring, back in 2014. As the Republican candidate he came up with a lame excuse for avoiding the tax disclosures made by White House hopefuls since 1970: He said he couldn’t do it since he was under audit, a specious argument, as himself finally admitted. He even claimed he would release his tax forms after the election, if the audit took that long.

Sunday morning, on ABC’s “This Week with George Stephanopoulos,” Trump spokescreature Kellyanne Conway admitted that it’s not going to happen, since voters already elected him without any tax facts. She say’s voters don’t care, but 74% of Americans — including half of Trump’s supporters — want him to release his tax forms.

Since inauguration Day, over 200,000 citizens have signed a We the People petition on the White House website asking the President to “immediately release Donald Trump’s full tax returns, with all information needed to verify emoluments clause compliance.” 100,000 signatures is enough to require an official response. It is doubtful that Ms. Conway’s raised middle finger meets that requirement.

What is Mr. Trump hiding? Perhaps:

— He hasn’t paid any taxes, as his previous state tax releases indicate

— He’s not as rich as he claims

— He hasn’t given as much to charity as he claims

— He has had previously undisclosed foreign business dealings, perhaps with Russia

Wikileaks, Trump’s best bud during the campaign, says it will release the new president’s tax returns for him if they can be obtained. “Trump’s breach of promise over the release of his tax returns is even more gratuitous than Clinton concealing her Goldman Sachs transcripts,” tweeted the organization.

UPDATES:

“Conway Backtracks On Trump’s Tax Returns, Saying He’s Still Under Audit,” Matt Shuham, TPM Livewire

“Mnuchin: Trump has ‘no intention’ of releasing tax returns,” Julie Bykowicz and Jill Colvin, Associated Press

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Trump Paid Nothing in Taxes

May 23, 2016

Trump Paid Nothing in Taxes

“The last time information from Donald Trump’s income-tax returns was made public, the bottom line was striking: He had paid the federal government $0 in income taxes.

The disclosure, in a 1981 report by New Jersey gambling regulators, revealed that the wealthy Manhattan investor had for at least two years in the late 1970s taken advantage of a tax-code provision popular with developers that allowed him to report negative income.

Today, as the presumptive Republican presidential nominee, Trump regularly denounces corporate executives for using loopholes and ‘false deductions’ to ‘get away with murder’ when it comes to avoiding taxes.

‘They make a fortune. They pay no tax,’ Trump said last year on CBS. ‘It’s ridiculous, okay?'”

— “Trump once revealed his income tax returns. They showed he didn’t pay a cent.” Drew Harwell, Washington Post

More:

“Donald Trump, the welfare king,” Dana Milbank, Washington Post

“Donald Trump signed off deal designed to deprive US of tens of millions of dollars in tax,” Ruth Sherlock, Edward Malnick, and Claire Newell, The Telegraph

See Kim Warp’s New Yorker take here.

Related:

“Trump’s Chip-Shot Charity,” NotionsCapital

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

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President Romney Demands Financial Disclosure

November 8, 2012

President Romney Demands Financial Disclosure

The Transition Team website for President-Elect Willard Mitt Romney had a sneak preview yesterday, and Political Wire’s Taegan Goddard saved a few screenshots before it went dark again. Looking for a job in the Romney Administration? “Government service is not for everyone,” warns the site, which also cautions:

“The financial holdings and sources of income for most applicants under serious consideration must be disclosed for review for possible conflicts of interest, and any conflicts must be remedied by divestiture, creation of special trusts, etc.”

This from a man who refused to release his own tax information.

Like his economic policies (tax cuts for the rich, corporate deregulation), Mr. Romney appears to have cribbed this from George W. Bush. The Bush transition site language is identical.

This is sad news for Rafalca Romney, a galloping favorite for Cayman Islands Ambassador. Told to turn over tax returns, Rafalca replied “Whoa!”

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