Tag Archives: IRS

business news

Trump taxes might be revealed … soon? Perhaps? Maybe?

Those special counsel investigations do have a way of producing results where one might least expect it.

Take the probe being conducted by Robert Mueller into the “Russia thing,” whether the Donald Trump presidential campaign colluded with Russians who were hacking into our electoral process in 2016.

It turns out that Mueller has enlisted the aid of Internal Revenue Services criminal investigative team to help him in his investigation of the Russia matter.

Why is this so, um, titillating?

The president told us when he launched his campaign two years ago that the IRS was conducting a “routine audit,” which prevented him from releasing his tax returns for public view; presidential candidates of both parties have been releasing their returns every election year dating back to 1976.

Trump has vowed to release them; then he backed away from that; then he sort of said he would release them; now he’s apparently back to the “no way” mode regarding the returns.

The IRS involvement is important to Mueller reportedly because it could reveal whether Trump had any business interests in Russia, something he denies. Evidence is piling up that Trump, uh, more than likely lied about that.

What needs saying once again is that a routine audit does not prevent release of the returns, according to the IRS. Moreover, Trump never has produced a shred evidence that the IRS is actually auditing his tax returns; he’s presumed that we should take his word for it.

The tax returns are important for a number of reasons. They shed light on the nation’s top public official’s business connections; they will tell us if the president really is as rich as he kept bragging he is; in this instance, they’ll reveal whether Trump is truthful about having “no business dealings in Russia.”

The tax return issue won’t go away. Nor should it. Not until the president keeps faith with a four-decade political tradition and releases them for full public scrutiny.

business news, International news, national news, political news

Tax returns might reveal the whole truth

1 Comment

Here they come again.

Those still-missing Donald J. Trump tax returns have returned to front row of discussion topics relating to the Russian probe into the president’s 2016 campaign.

Trump hasn’t released them. He has broken a 40-year streak of disclosures from presidential candidates. He keeps saying he’s “under audit” by the Internal Revenue Service.

But wait! Special counsel Robert Mueller is now thought to be examining the Trump business empire’s dealings that might have something to do with the Russian government, which has been linked to allegations that it sought to influence the 2016 presidential election outcome.

Won’t those tax returns tell the public whether Trump’s businesses had any skin in the game? Won’t they reveal the truth? Couldn’t they possibly clear the air? Might they tell us that Trump has been truthful, that he has no business dealings with Russia?

Or, might they tell us something else?

I know I’m repeating myself. That’s too bad. Those tax returns need to go before the public.

business news, International news, national news, political news

Wouldn’t tax returns answer a lot of Russia questions?

I keep circling back to an issue that just won’t disappear.

Those tax returns that Donald J. Trump insists on keeping secret might answer a lot of questions about the president of the United States and his reluctance to say anything negative about Russia and its president/strongman/killer Vladimir Putin.

Trump won’t release them. He isĀ dismissing a four-decade-old custom for presidential candidates and for presidents. They’ve all released them for public review. Except the current president.

I keep asking: How come? Trump keeps yapping about an “audit.” Two points here: The Internal Revenue Service — which doesn’t comment onĀ specific audits — says an audit does not prevent someone from releasing those returns to the public; furthermore, Trump never has even proved that the IRS is auditing him.

He demanded repeatedly that Barack Obama produce a birth certificate to prove his constitutional eligibility to serve as president. How about Trump provide a letter from the IRS that declares that he’s being audited?

Amid all this is the swirl of Russia and whether the president has business dealings with Russian oligarchs and government officials. The president says he has none. He expects us to believe him. Sure thing, Mr. President. He also expected us to believe that Barack Obama wiretapped his campaign offices, that millions of illegal immigrants voted for Hillary Clinton and that thousands of Muslims cheered the collapse of the World Trade Center on 9/11.

Tax returns would reveal whether the president has any business dealings in Russia. If he has been telling us the truth about that matter, then the returns would validate his assertion. Wouldn’t they? If he’s not being truthful, well, the returns would reveal that, too. Am I correct on that?

I am left only to conclude that the tax returnsĀ the president refuses to release to the public contain something he doesn’t want us to see. Do they involve Russia, Mr. President? Do they reveal why you won’t speak ill of your pal VladĀ Putin?

business news, national news, political news

Tax returns become central to public policy

Tom Cotton is an earnest young man who happens to be a U.S. senator from Arkansas.

He held a town hall meeting this week back home. Someone asked him about Donald J. Trump’s tax returns and wondered why the president won’t release them.

Sen. Cotton, a fellow Republican, then gave the wrong answer. He said Trump is “under audit” by the Internal Revenue Service. The response drew a chorus of boos.

Here’s my take.

If the president has nothing to hide, he ought to release the tax returns. The questions from many Americans — and yes, many of us do care about this matter — center on the president’s foreign investments. The Russia story isn’t about to wither away. It’s going to remain on our national front burner for as long as Trump continues to refuse to release his tax returns in direct contradiction to four decades of custom; presidential nominees of both parties have made their returns public since 1976.

Cotton gets an earful

Sen. Cotton’s tepid defense of the president’s refusal didn’t escape the belief among many at his town hall meeting that Trump’s “audit” dodge doesn’t hold up. The IRS has said — without commenting on Trump’s situation specifically — that an audit does not prevent release of one’s returns.

Meanwhile, the questions about foreign investments persist. They will continue to persist until the president does what he should have done when he became a candidate for the nation’s highest office.

business news, national news, political news

Tax returns, Mr. President … give ’em up

Gosh, I hate talking about Donald John Trump’s tax returns.

Just kidding. No, I don’t.

U.S. Sen. Elizabeth Warren, D-Mass., says tax-filing time is a good time to see what — if anything — the president is hiding from the American people he governs.

I agree with the Bay State’s senior senator.

We’ve waited long enough to see what precisely is in those returns. Trump has balked long enough at doing what other presidential candidates for 40 years have done, which is to release their complete returns for public inspection.

Trump keeps telling us he can’t release his returns because he’s being audited. The Internal Revenue Service says, in effect, that the president is engaging in a dodge; an audit doesn’t prohibit the returns’ release.

Meanwhile, U.S. Senate Minority Leader Charles Schumer, D-N.Y., has said that any hope of enacting tax reform depends on the president releasing those returns. Sure, that’s hardball politicking. Inquiring minds want to know, especially the minds of those of us who didn’t vote for Trump in 2016.

Time to come clean

I mean, he’s still the president of all Americans. We’re all required to file our taxes. Here in Amarillo, candidates for public office are required to provide full financial disclosure.

The president of the United States of America is not above the law. In this case, even though releasing the returns isn’t a legal requirement, it has been a longstanding custom that’s been accepted as standard operating procedure for all candidates for the presidency.

Sure, many Americans don’t seem to think these returns matter. Others of us, though, think quite the opposite.

Many of us are waiting, Mr. President. Please show us, sir, that you aren’t hiding something.

business news, national news, political news

Tax returns, anyone? Anyone?

Indulge me for a moment or three.

I remain stuck on an issue that has gnawed at my gut since the moment Donald John Trump rode down the escalator at Trump Tower to announce his campaign for the presidency of the United States.

That’s right. Tax returns.

We haven’t seem them. We need to see them. Trump needs to produce them. We need to know a lot about this individual’s business empire and what about it — if anything —Ā is built on Russian interests.

It’s been nearly two years since the escalator ride. Trump has said many things about those returns. He’ll release them when the Internal Revenue Service completes its audit; then he said he won’t; then his campaign flacks said he would, then they said he wouldn’t.

The IRS says audits don’t prevent release of tax returns. Trump ignores that disclaimer. He did release some single-year returns showing that he paid a lot of money in federal taxes. They showed that, yep, he’s really rich. That’s it.

For that matter, we don’t even know with absolute certainty that the IRS is even auditing the president. The IRS doesn’t comment on individual audits. That means we’re left to take Trump at his word that the audit is ongoing.

Given the liar in chief’s penchant for prevarication, are we really and truly expected to take this man’s word as gospel? I … think … not.

This clown entered the political arena in July 2015. Presidential candidates from both parties have released complete tax returns every election cycle since 1976. Four decades later, we still don’t know about the current president’s tax returns.

It’s time, Mr. President. Come clean.

business news

Trump tax return reveals … that he’s real rich!

2 Comments

The release of one year of Donald J. Trump’s tax returns has a kind of Al Capone’s vault feel to it.

Remember when Geraldo Rivera found the vault of the late mobster? He opened it and found — nothin’ man!

So, now we know that in 2005, the president made about $150 million and paid $38 million in federal taxes. Yes, the guy who told us during the 2016 presidential campaign that he worked to pay “as little as possible” in taxes actually paid a lot of them.

That was a dozen years ago.

What about the more recent returns? What about the money he was making while running for president? And what about those international business interests?

Americans haven’t seen the more relevant tax information from the president of the United States.

He told us he would release the returns once the Internal Revenue Service completed its “routine audit.” Except we don’t even know for certain whether the IRS is actually auditing Trump, who’s provided no proof or evidence that an audit even ongoing.

The White House decided to seek to get ahead of a story that had been hyped by MSNBC host Rachel Maddow, who tonight released the 2005 returns.

As it has been reported, the 12-year-old returns constitute a “nothing burger.”

Where’s the beef? I suspect it lies somewhere within the more recent returns that the president of the United States continues to refuse to release to Americans — such as yours truly — who want to know what is in them.

business news, national news, political news

Tax return issue just won’t go away

What do you know about that?

Some congressional Republicans have joined their Democratic colleagues in seeking the tax returns of the president of the United States.

Go figure. It seems that some GOP members want Donald J. Trump to disclose once and for all whether he has any business dealings in Russia or has any other kind of relationship with Russian government officials.

The president keeps telling us he doesn’t. He keeps saying it with increasing exasperation. Does he really and truly expect skeptics out here — even in Flyover Trump Country — to take him solely at his word?

The president has broken with tradition set four decades ago in the wake of the Watergate scandal. Every president since that dark time has released his tax returns. Trump has refused.

Meanwhile all these questions about Russia keep swirling around the president and the White House, around his national security team and now, apparently, around the attorney general of the United States.

As Salon is reporting: ā€œItā€™s something I feel very, very strongly about,ā€ Republican South Carolina Rep. Mark Sanford told Roll Call this week. Sanford, along with North Carolina Republican Walter Jones signed a letter from New Jersey Democrat Bill Pascrell calling onĀ the chairmen of the House Ways and Means Committee and Senate Finance Committee to compel the United States Treasury Department to release Trumpā€™s tax returns for congressional review.

Will there be other congressional Republicans who’ll join this chorus? Perhaps. If they do, will the president finally come clean? I have less faith in that happening.

This never has been a matter of nosy Americans wanting to know if Donald Trump is as rich as he says he is. It’s now a matter of urgent national security.

business news

Yes, Mr. President, many of us do care about those returns

Donald “Smart Person” Trump and his senior White House aides say that “people don’t care” about his tax returns — which the president hasn’t yet released to the public.

Actually, Mr. President, I care. So do millions of other Americans. We care, sir, about how you’ve collected all those billions of dollars who you say you possess. We care about whether you’ve been involved in foreign government-sponsored business activity. We care about whether any of those foreign entities have put money in our pocket, which — I’m sure you’re aware — violates the “emoluments clause” in the U.S. Constitution.

http://www.msn.com/en-us/news/politics/petition-demanding-donald-trump-release-his-tax-returns-breaks-white-house-record/ar-AAmhJtZ?li=BBmkt5R&ocid=spartandhp

A petition is circulating that reportedly is breaking some sort of White House record.Ā It contains a lot of signatures from many concerned Americans wanting the president to release those returns.

He has said he would do so. Then his senior adviser, Kellyanne Conway, said he wouldn’t. Then the president — or perhaps it was Conway — said he’d do so when the IRS completed its “routine audit.”

There’s also this thing about the boasting the president did about the wealth he has accumulated. He bragged constantly on the campaign trail about how rich he is, which means he made it the public’s business. So, if he’s really that rich, I’d like to see it for myself.

I’m not nearly alone among Americans who are concerned about the release of those returns. Come clean, Mr. President. Those of us you purport to represent want to know.

business news, national news

Shocking! Trump won’t release tax returns

White House senior adviser Kellyanne Conway said a fewĀ  things this morning that didn’t surprise me.

Perhaps the least-surprising statement was that her boss, Donald J. Trump, won’t release his tax returns for public review.

There. Having said that, the fact that it doesn’t surprise anyone doesn’t make it any less outrageous.

The president quite clearly should release the returns. He didn’t do so during his winning fight for the Republican nomination; he refused to do so while waging his winning campaign for the presidency.

He’s been relying on the dodge that the IRS was conducting a “routine audit.” The IRS has countered — while declining to comment on the specifics of an audit — that such a thing doesn’t preclude release of those returns for public scrutiny.

Now, though, the stakes have been raised to a new level since the election and the swearing-in of the president. There are swirling questions about whether the president has business dealings in Russia and, specifically with interests tied to the Russian government — which is the very government that has been accused of meddling in our presidential electoral process.

Trump has denied any such business ventures.

However, if the Watergate scandal taught us anything at all, it is that the public cannot take the president’s word on its face. To be fair, that rule has applied to many politicians before and after the scandal that toppled one of Trump’s predecessors.

If only this president would agree to disclose proof of what he has declared. Believe me, if he has no dealings with Russian government officials, he could start to rebuild the trust he will need to govern.