Trump during his campaign called the U.N. “just a club for people to get together and talk and have a good time.”
- MSNBC report sparks angry response from the White House as return shows that Trump made more than $150m and paid $38m in taxes
- SEC document shows Trump was worth less than half of $10bn claim in 2012
- The changing story of Donald Trump’s tax returns – video
- Reporter who obtained tax return: ‘Publishers assumed Trump would soon disappear’
That’s all for the blog tonight. We’re closing out with analysis from the Guardian’s Washington correspondent, David Smith, who has delved into the question raised on Rachel Maddow’s show about whether Trump was behind the leak of his tax return.
It would be a classic Trump tactic to deflect attention from his troubles with wire-tapping claims and replacing the healthcare law, also known as Obamacare. But it would also be a risky one, driving attention back to the issue of why he is the first president in 40 years to refuse to release his tax returns. This is the man who, when in the first presidential debate Clinton suggested he doesn’t pay federal income taxes, interjected: “That makes me smart.”
Trump claims he cannot release his taxes while he is under audit. Yet he did so on Tuesday night in the White House’s preemptive statement. Zac Petkanas, a senior adviser to the Democratic National Committee, said: “The White House’s willingness to release some tax information when it suits them proves Donald Trump’s audit excuse is a sham. If they can release some of the information, they can release all of the information.
The Guardian’s previous reporting has also raised questions about what Donald Trump could be hiding regarding his wealth – another reason why he may want to keep his tax returns secret.
Although on the campaign trail he claimed he is worth more than $10bn, a 2012 statement filed to the Securities and Exchange Commission by Wells Fargo Securities on behalf of Trump suggested he was then worth less than half of that:
In the document, which concerned the securitization of commercial mortgages on properties including Trump Tower in New York City, Trump was described as being worth more than $4.2bn, with liquid assets of more than $250m…
While $250m is a large amount of money, it is nowhere near enough to finance a modern presidential campaign. Trump has already loaned between $43m and $50m to his campaign, raising questions about how much he can afford to continue to spend without selling off assets or taking on significant loans.
It would be a classic Trump tactic to deflect attention from his troubles with wire-tapping claims and replacing the healthcare law – but it would also be risky
At 7.44pm ET Brian Fallon, former press secretary to Hillary Clinton, tweeted breathlessly: “The holy grail.”
Ninety-eight minutes and a somewhat anticlimactic Rachel Maddow Show later, Fallon tweeted again: “Dems should return focus to Trumpcare tomorrow & the millions it will leave uninsured, not get distracted by two pages from ’05 tax return.”
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