Posts Tagged ‘tax returns’
Donald Trump: Tax Return Returns
on Sunday, April 16, 2017Donald Trump Money Quotes collection saying he doesn’t understand why American public wants him to keep his word from campaign trail promise to release his taxes. Featured on the $100 Dollar Bill is Donald Trump tweeting in 2016 & a year later in 2017:
“In interview I told AP that my taxes are under routine audit and I would release my tax returns when audit is complete, not after election!” May 11, 2016 During Presidential Election Campaign
“I did what was an almost an impossible thing to do for a Republican-easily won the Electoral College! Now Tax Returns are brought up again?” April 16, 2017 following #TaxMarch — Donald Trump
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In these quotes, Donald Trump provides justifications for not releasing his tax returns during the 2016 election and after becoming President in 2017. Some key points in interpreting them:
- In 2016, he cited an ongoing IRS audit as the reason, implying release would only come after its completion. However, audits do not preclude release.
- In 2017, he touts his Electoral College victory while dismissing renewed calls for disclosure as unwarranted given he already won.
- However, tax returns provide transparency and every major party nominee has released them for decades, so his refusal fueled speculation.
- While defending his own choice, he does not address the legitimacy of public interest in a candidate’s potential conflicts of interest, business ties, effective tax rate, and charitable donations.
Overall, these quotes reflect Trump’s perspective on the matter but a balanced interpretation would also acknowledge the viewpoints of those arguing tax returns offer important insights into presidential candidates’ financial situation and are relevant to voters, even if their release is not technically mandatory. Reasonable people can disagree on this issue.
Donald Trump: I Released my Financials
on Saturday, April 15, 2017Donald Trump Money Quote saying on May 11, 2016 that he would release his tax returns prior to the election and claimed that there wasn’t much to learn from them beyond what he’s already filed in financial disclosure paperwork which shows “very little debt”. Donald Trump said:
“So the answer is before the election, I’ll release. And I’d like to release. But really, you learn very little from a tax return. You know, I’ve released my financials, and my financials show tremendous numbers, very little debt, you don’t learn very much from your tax returns” — Donald Trump
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In this quote, Donald Trump continues to justify not releasing his tax returns prior to the 2016 election. Some key points in interpreting his perspective:
- He claims tax returns reveal “very little” and that his financial disclosures were sufficient, though many argue returns provide more transparency.
- Trump suggests the audit prevented pre-election release, but experts say audits do not bar release and other candidates facing audits have released returns.
- He focuses on minimizing what could be learned from returns rather than directly addressing legitimate interests and longstanding precedent around candidates’ disclosure.
However, a balanced interpretation would acknowledge both Trump’s viewpoint and the counter-perspective that tax returns do offer important insights and have been released voluntarily by candidates for decades, raising questions about why Trump did not follow suit. Reasonable people can disagree on this complex issue with valid points on both sides.