Trump Won’t Release Tax Returns, Citing IRS Audit

After weeks of GOP presidential debates without any real tax talk (you can read about the last one here), the candidates finally got around to talking about tax. Only this time, instead of focusing on tax proposals, the candidates focused on tax returns. Specifically, tax returns belonging to Donald Trump: Trump has resisted calls to release his returns.

Prior to the debate, previous GOP presidential nominee Mitt Romney called for Trump to release his returns, hinting there might be a “bombshell” in those returns, telling Fox News:

I think there’s something there. Either he’s not anywhere near as wealthy as he says he is or he hasn’t been paying the kind of taxes we would expect him to pay, or perhaps he hasn’t been giving money to the vets or to the disabled like he’s been telling us he’s doing.

In the hours before the debate, Romney renewed his call for Trump to release his returns , tweeting:

You might think that Trump – who will clearly have a tax return at least as complicated as Mitt Romney’s 203 page return – has a similar excuse.

He does not.

Trump claims that he wants to release his tax returns but he cannot – because he is being audited. Trump said, about the return, “As far as my return, I want to file it. I will absolutely give my return but I’m being audited now.” He went on to add that “everybody” would agree that the Internal Revenue Service (IRS) should complete its audit of the returns before Trump releases the returns.

Trump also suggested that the agency has audited him repeatedly because of his faith.

“Well, maybe [it’s] because of the fact that I’m a strong Christian, and I feel strongly about it and maybe there’s a bias,” Trump said in an interview with CNN’s Chris Cuomo after the debate.

The IRS denied that taxpayers are audited because of their religion.

“The IRS stresses that audits of tax returns are based on the information contained on the taxpayer’s return and the underlying tax law — nothing else. Politics and religion do not factor into this,” its statement said. “The audit process is handled by career, non-partisan civil servants, and we have processes in place to safeguard the exam process.”

In May 2016, Donald Trump met with the Associated Press where he explained despite pressure, the billionaire said he doesn’t believe he has an obligation to release his tax returns and won’t release them before November unless an ongoing audit of his finances is completed before Election Day. He said he wouldn’t overrule his lawyers and instruct them to release his returns if the audit hasn’t concluded by then.

“Now, I hope it gets finished soon. And if it gets finished soon, I put it out immediately because there’s nothing there. But until you get finished, you won’t,” he said.

(h/t Forbes, Associated Press)

Reality

While there is no legal requirement for a presidential candidate to release their tax returns, there is 40 years of unbroken precedent.

Despite telling conservative radio host Hugh Hewitt in February 2015, Trump could absolutely release those returns now – even in the middle of an audit.

The IRS has corrected this false claim: “Federal privacy rules prohibit the IRS from discussing individual tax matters. Nothing prevents individuals from sharing their own tax information.”

While an audit could result in a change (or two) to his returns, it does not change what Trump filed, signing “Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete.” In other words, no matter how what happens as a result of the audit, what Trump submitted, he did so claiming that it was true at the time. If the IRS makes an adjustment (which happens, even with the best prepared returns), it shouldn’t substantially change the nature of the returns. And if the IRS makes no adjustment, then there was no harm, no foul, in releasing those returns. Trump could release those returns at any time.

Some Trump Charities Waiting on Funds

Trump at rally for vets in Des Moines

Several of the nearly two-dozen veterans charitable organizations that were promised donations by Republican presidential front runner Donald Trump have yet to receive any money nearly a month after Trump first made the pledge, the FOX Business Network has learned.

Trump made the pledge at a January 28 press conference after he announced he was not attending a debate sponsored by the Fox News Channel, the sister network of FOX Business. Trump said he had received pledges to raise $6 million for 22 charities focused on veterans, including $1 million of his own money.

“Our Veterans have been treated like third-class citizens and it is my great honor to support them with this $1 million dollar contribution – they are truly incredible people. We are going to strengthen our military, take care of our Vets and Make America Great Again,” Trump said in a press release at the time.

But nearly a month after Trump made the pledge, at least three, and possibly more, of the 22 charities haven’t received any money yet, according to interviews conducted by FOX Business. Meanwhile, seven of the 22 charities told FOX Business they have received checks totaling $650,000, while the remaining organizations either declined to say whether or not they received the money or didn’t return repeated calls for comment.

“Mr. Trump personally contributed $1 million dollars to the cause and raised an additional $5 million before the one-hour event concluded, totaling more than $6 million dollars,” the press release added. “The night benefited twenty-two different organizations, a number of which are Iowa based Veterans groups. Mr. Trump has been a major supporter of Veterans organizations throughout his life and has made strengthening our military, reforming the VA and taking care of our great Veterans cornerstones of his campaign.”

Still, the failure to deliver some of the promised money after a well-publicized press conference where Trump touted the fact that fellow billionaires like financier Carl Icahn would contribute as well, has raised some eyebrows among watchdogs that follow charities. Michael Thatcher, president of Charity Navigator, a non-profit that evaluates charities, said “it’s reasonable to be expecting that all the money would be delivered by this time” because Trump made a “highly publicized promise.”

“It is totally reasonable to question why some have gotten money and some haven’t,” Thatcher said. “When you make a promise like he has there is an expectation for timely delivery.”

Thatcher said much of the delay in disbursing funds to charities often involves vetting organizations’ non-profit status and other issues. But Trump appeared to have vetted the veterans’ charities beforehand and provided a list of organizations that would receive the money.

“With that, there’s even less reason for any money to be delayed,” Thatcher said.

In a telephone interview, Trump Campaign Manager Corey Lewandowski maintains that Trump has and will fully deliver on his promise to deliver the $6 million to the veterans groups. He added that the $650,000 that FOX Business has determined was distributed to charities is significantly below the actual number, but he declined to provide a full accounting of how much of the pledged money has been distributed or how many of the 22 charities have received cash.

Lewandowski added that it isn’t unusual for charities to receive such pledges even a month after being promised the money.

“He’s distributed multi-millions of dollars…It was money that was pledged, and we are still collecting it,” Lewandowski said. “We are continuing to follow up with people who pledge donations.” Additionally, he said: “We’ve added another couple dozen organizations to the list of veteran organizations that will receive donations.”

Some of the charities contacted by FOX Business agreed with Lewandowski’s assessment on the timing of when they should receive their money.

“We haven’t received any money yet, but [we] do expect to get it. It’s not unusual when someone or an organization has an event, for it to take weeks or even months before we receive a check, “ said Kerri Childress, vice president of Fisher House, one of the 22 veterans charities on the Trump list that hasn’t received money as of publication of this story.

Childress added: “We haven’t heard how much or when we might be receiving the money.”

Trump’s charitable donations have become a campaign issue as he has solidified his lead for the 2016 GOP presidential nomination. Speaking to Neil Cavuto on the Fox News Channel, 2012 GOP presidential nominee Mitt Romney criticized Trump for not releasing his tax returns, and questioned his charitable giving.

“I think in Donald Trump’s case, it’s likely to be a bombshell [in not releasing his tax returns],” Romney said. “Perhaps he hasn’t been giving money to the veterans or to the disabled like he’s been telling us he’s been doing. I think that’s the reason there’s a bombshell [in his returns].”

Hank Sheinkopf, a political consultant who advises Democrats
including former President Bill Clinton, said failure to live up to charitable promises can be deadly for most politicians, but Trump’s campaign is unique in that he has been able to side step various controversies and remain ahead in the polls with his take-no-prisoners approach to campaigning.

“Trump may be the first presidential candidate in history to go unpunished for not meeting his charitable promises,” Sheinkopf said. “He’s a phenomena; there’s no rational explanation for any of it.”

(h/t Fox Business)

Links

Trump press release.

Trump Threatens Ads Against Ricketts Family, Chicago Cubs ‘Not Properly Run’

Republican presidential front-runner Donald Trump elaborated on a cryptic warning he issued to the Ricketts family in February, suggesting he would take ads out saying they’re doing a “rotten job” with the Chicago Cubs.

“I’ll start doing ads about their baseball team. That it’s not properly run or that they haven’t done a good job in the brokerage business lately,” Trump said in an interview with the Washington Post editorial board.

Asked if he would launch those attack ads as the president, Trump responded, “No, not while I am president.”

In February, Trump via Twitter denounced a super political action committee opposing his campaign that is primarily funded by Marlene Ricketts, whose family owns the Cubs.

Asked by the Post what he meant, Trump first said, “I don’t know these people. Those Ricketts.”

“I actually said they ought to focus on the Chicago Cubs and, you know, stop playing around. They spent millions of dollars fighting me in Florida,” Trump said.

“I’ll start spending on them. I’ll start taking ads telling them all what a rotten job they’re doing with the Chicago Cubs. I mean, they are spending on me. I mean, so am I allowed to say that?”

Trump’s initial Twitter post apparently was in response to a story noting that Ricketts, the family matriarch who lives in Nebraska, had put $3 million into the Our Principles PAC in January. The PAC had spent about $3.5 million in ads, mailings and other efforts to oppose Trump, federal records showed in February.

Asked to respond to Trump’s latest comments, a spokesman for the family referred to team Chairman Tom Ricketts’ response last month.

“We stand up for what we believe in,” Ricketts said then. “We support the causes we think are important. That is what America should be.”

Marlene Ricketts is married to Joe Ricketts, the billionaire T.D. Ameritrade founder. In October 2009, the couple formed a trust on behalf of their family that acquired a 95 percent controlling interest in the Cubs and Wrigley Field. Both Marlene and Joe Ricketts are conservatives, and son Pete is governor of Nebraska.

(h/t Chicago Tribune)

Reality

It is very concerned when a candidate who is running for the President of the United States of America is willing to throw his weight at people who oppose him politically. Todd Ricketts summed it up best, “It’s a little surreal when Donald Trump threatens your mom.”

While Trump said he’s ready to criticize the family over how the Cubs are run, the team made it to the National League championship series last year and is considered by many as a World Series contender this year.

Forbes magazine valued the Cubs at $1.8 billion in 2015, ranking them 17th out of all sports franchises in the world, and the fifth highest in all Major League Baseball. The Cubs attendance for the 2015 regular season was 2,959,812, up over 300,000 from the previous year.

As of June, the Chicago Cubs are 1st place in National League Central.

Not the definition of “rotten.”

 

Trump asks if Obama would have attended Scalia’s funeral were it held at a mosque

Twitter

Donald Trump on Saturday suggested President Barack Obama would have attended the funeral of Antonin Scalia had the late Supreme Court justice’s service been held in a mosque.

“I wonder if President Obama would have attended the funeral of Justice Scalia if it were held in a Mosque? Very sad that he did not go.”

(h/t CNN)

Reality

Trump inferred an old baseless conservative political smear from 2007 that Obama is a covert Muslim extremist hellbent on destroying democracy.

For those who may be too young or have forgotten, Fox News was famous for their political smears against the then-Senator Obama saying things like:

  • Obama had attended a radical Islamic madrassa when he was a child in Indonesia.
  • Obama supported the release of the “Lockerbie Bomber” Abdel Baset al-Megrahi.
  • When Obama was a community organizer he was training for a radical overthrow of the government.

None of these hand any kernel of truth.

Trump Accuses Cruz of Stealing Iowa Caucuses

Twitter

Donald Trump on Wednesday accused Sen. Ted Cruz of stealing the Iowa caucuses, calling for either new voting there or the results to be nullified.

Cruz, the conservative senator from Texas, defeated Trump in Iowa Monday night.

“Ted Cruz didn’t win Iowa, he stole it,” Trump tweeted. “That is why all of the polls were so wrong and why he got far more votes than anticipated.”

“Based on the fraud committed by Senator Ted Cruz during the Iowa Caucus, either a new election should take place or Cruz results nullified,” Donald Trump wrote a Twitter, one of a series of Tweets attacking Cruz and questioning the outcome of the Iowa caucuses.

Trump slammed Cruz for sending out deceitful mailers that shared voter’s caucus attendance records with their neighbors and warning voters of “VOTER VIOLATION.”

(h/t CNN)

Reality

Outside of conspiracy theories from neo-nazi’s and 8chan, Cruz won Iowa.

Trump later admitted he didn’t have a good ground-game in Iowa. In fact he didn’t even know what that term was.

Trump Claims Fox News ‘Apologized’ Over Debate Statement

Trump told CNN that an unnamed Fox executive “apologized” to him for a mocking statement the network issued two days before the debate. Speaking to a small group of reporters aboard his private plane Thursday evening before his counter-debate event to raise money for wounded veterans he said:

“I got an apology, it was very nice, and I appreciated it. And that’s why I was so open to doing something, but by that time it was just too late.”

Trump said Fox “could not have been nicer” as it tried to woo him back into attending the debate. But he stuck to his plan of holding a competing event aimed at raising funds for veterans’ organizations.

Later Trump told CNN’s Brianna Keilar in an interview aboard Trump’s private plane:

“I was treated very unfairly by Fox. Since then they’ve been excellent, they’ve been very nice, but it’s too late.”

Reality

Fox heard Trump’s remarks and fired back in a statement. The network suggested that it didn’t apologize outright — instead it, “acknowledged his concerns about a satirical observation we made in order to quell the attacks on Megyn Kelly, and prevent her from being smeared any further.”

Trump would not say who from Fox News called to apologize for the network’s behavior.

(h/t CNN, Time)

Trump Claims He Never Asked Megyn Kelly Removed As Moderator

If you read the news, Donald Trump’s boycott of the Fox News/Google debate is the result of his ongoing war with anchor Megyn Kelly.

Trump, however, says that’s not true. He says a biting Fox News release is why he pulled the plug.

“Well, I’m not a person that respects Megyn Kelly very much. I think she’s highly overrated. Other than that, I don’t care,” he told CNN an hour before the debate. “I never once asked that she be removed. I don’t care about her being removed. What I didn’t like was that public relations statement where they were sort of taunting. I didn’t think it was appropriate. I didn’t think it was nice.”

(h/t Politifact)

Reality

Donald Trump many times publicly demanded removal of Megyn Kelly as a moderator as a condition to attend the Fox News debate in Iowa.

Media

Full video:

 

 

Trump Promotes Fake Fox News Theory With Fake Photo

Twitter

Real-estate mogul Donald Trump promoted a fake photo and a conspiracy theory in the middle of his Thursday-morning tweetstorm blasting Fox News and one of the network’s anchors, Megyn Kelly.

Trump tweeted someone’s photo that supposedly shows Saudi billionaire Prince Alwaleed bin Talal, Alwaleed’s sister, and Kelly.

The text on the image stated:

“Most people don’t know that the co-owner of Fox News is Prince Al-Waleed of Saudi Arabia here with his sister and with host Mygan [sic] Kelly. In case you only watch Fox News and you missed it everywhere else. GOOGLE IT!”

(h/t Business Insider)

Reality

We Googled the claim… which yielded multiple fact-checking websites declaring that it was mostly false. Snopes.com reported that the photo was a fabrication and found the original photo of Kelly.

Both Snopes.com and PolitiFact reported that the ownership claim wasn’t true, but the billionaire Saudi prince’s investment company owns a smaller amount of 21st Century Fox.

Trump Flip-Flops on Calling Megyn Kelly a Bimbo

Twitter

A single day after he had said he wouldn’t refer to Kelly as a “bimbo,” a term used to insult women, because doing so would “not be politically correct” Donald Trump tweeted the following:

Reality

Megyn Kelly is many things, “journalist”, political hack, cover-girl, but as critical we are of her a bimbo she is not. As a lawyer she’s argued cases in front of the United States Court of Appeals, wrote articles for the American Bar Association‘s journal, and (when convenient for her) knows her way around the Constitution.

Usually politicians have some time between they flip-flop to afford them a bit of a buffer. Apparently Trump couldn’t go 24 hours without reverting to his sexist ways.

Also… this.

Links

https://www.youtube.com/playlist?list=PL41BB7792BF9A8A15

Trump Tweets Megyn Kelly Should Not Moderate Debates

Twitter

Donald Trump voiced his disapproval of Megyn Kelly as a moderator of the Fox News/Google debate a few days before the event on Twitter. Trump made similar comments in a campaign rally in Iowa the same day.

Based on @MegynKelly’s conflict of interest and bias she should not be allowed to be a moderator of the next debate.

(h/t Politifact)

Reality

Trump has had an issue with Kelly since she moderated a Republican presidential debate in August. He accused her of being unfairly harsh on him by asking him valid questions about past sexist and misogynist comments.

Fox responded, “Megyn Kelly has no conflict of interest. Donald Trump is just trying to build up the audience for Thursday’s debate, for which we thank him.”

Trump repeated his position that Kelly “should recuse herself from the upcoming Fox News debate,” according to Boston Globe reporter James Pindell.

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