Paul L. Caron
Dean



Tuesday, July 14, 2020

Hemel: Trump Lost At The Supreme Court, But We Still Won’t See His Tax Returns Before The Election

Following up on last Friday's post, Perspectives On The Supreme Court's Trump Tax Return Decision:

Washington Post op-ed:  Trump Lost at the Supreme Court, but We Still Won’t See His Taxes By November:

The Supreme Court’s twin rulings Thursday in cases involving President Trump’s financial records virtually assure that the 45th president will succeed in shielding his tax returns from the public until after the November election. This is a remarkable feat for a president whose six immediate predecessors all released their returns while in the White House. How did Trump pull it off?

In typical Trumpian fashion, he did it, in part, by lying outright. Trump said in May 2014 that he would “absolutely” release his returns if he ran for president, which proved to be absolutely false. But he couldn’t have done it alone. The president also received substantial aid from others — including some Democrats — who made it possible for him to hide his tax documents from the American people, Thursday’s Supreme Court rebuke notwithstanding.

Presidents releasing their tax returns to the nation had become a 40-year-old bipartisan tradition by the time Trump entered the Oval Office in January 2017. The practice served several functions. It assured Americans that taxes were not only for “the little people” — we knew that when we paid up, our leaders did, too. It allowed us to assess whether presidents pursued tax policies that were in the national interest or their own, and it gave us insight on possible financial conflicts that might cloud their judgment. It also served as a check on the Internal Revenue Service, which is in the uncomfortable position of auditing its own boss. When President Richard Nixon was in office, the IRS overlooked improper deductions that allowed Nixon to reduce his tax bill by hundreds of thousands of dollars. In making their returns available for public inspection, later presidents reduced the risk that they might receive favorable treatment from the agency.

So the three Republican and three Democratic presidents before Trump released their returns. And just as it took a bipartisan effort to entrench the practice, it took bipartisan inaction to unravel it. ...

No one bears more of the blame for this than Trump, who once again flouted long-standing norms and once again appears to have escaped the consequences. But, to mangle a proverb, it takes a village to hide a man’s tax returns. In this case, it was two villages: Washington and Albany. Legislative leaders in both capitals effectively let Trump off the hook. We should not forgive their failure so easily.

https://taxprof.typepad.com/taxprof_blog/2020/07/hemel-trump-lost-at-the-supreme-court-but-we-still-wont-see-his-tax-returns-before-the-election.html

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Comments

A "bipartisan tradition" is certainly not a codified federal law. Quite the opposite.

By the today's standard, FDR, JFK, and LBJ all should've been hounded out of office for their personal financial conflicts of interest while President.

Posted by: MM | Jul 14, 2020 7:13:41 PM

🎶Cry me a river
Cry me a river
Cry me a river
Cry me a river 🎵

Posted by: Justin Timberlake | Jul 14, 2020 8:48:00 PM

Enough already. I don't care what is in Trump's income tax returns. Anybody can review the tax returns of another and criticize them. Even Dunning-Kruger professors. More importantly, let's see the always wrong Dr. Fauci's tax returns. Like to see what is reported there.

Posted by: Fred Hanker | Jul 16, 2020 4:36:20 AM