Tags: Donald Trump | washington post | tax reform | donald trump | benefits

WashPost: Public Should Know How Tax Bill Benefits Trump

WashPost: Public Should Know How Tax Bill Benefits Trump
President Donald Trump (Manuel Balce Ceneta/AP)

By    |   Friday, 22 December 2017 03:33 PM

Americans deserve to know how much the tax overhaul will benefit President Donald Trump, according to the Washington Post editorial board.

"That it continues to remain in the dark is due, of course, to Mr. Trump's refusal to release his tax returns and Congress' complicity in failing to insist on a minimal degree of openness from the executive," the board wrote.

Trump and White House press secretary Sarah Huckabee Sanders have said that Trump cannot release his returns while under audit. However, the Post board noted that the Internal Revenue Service has said that is not the case. The Post noted that President Richard Nixon, in 1973, released his returns while being audited.

The returns would contain information about any possible conflicts of interest or foreign influence.

"Evidently, he believes the fallout from the information contained in the returns would be worse than the criticism he receives for withholding them," according to the board.

Businesses such as Trump's real estate, rental, and leasing companies will benefit thanks to a last-minute adjustment in the tax reform bill, tax authorities told The Post's Drew Harwell on Wednesday.

"I'm not even aware of a single provision in the bill that disadvantages him or his family," said Daniel Shaviro, a New York University of Law tax professor, in Harwell's Post report.

"As long as the facts of Mr. Trump's finances and taxes are hidden, they think they can get away with it," the board wrote, referring to Trump's companies. "And sad to say, so far they are right."

Trump signed the tax overhaul into law Friday.

© 2018 Newsmax. All rights reserved.

   
1Like our page
2Share
Politics
Americans deserve to know how much the tax overhaul will benefit President Donald Trump, according to the Washington Post editorial board.
washington post, tax reform, donald trump, benefits
263
2017-33-22
Friday, 22 December 2017 03:33 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved