Tuesday, April 19, 2016

Should Release Of Tax Returns Be Mandatory For All Candidates

Hillary: Trump, Sanders Must Release Tax Returns

Image: Hillary: Trump, Sanders Must Release Tax Returns(Getty Images)
By Sandy Fitzgerald   |   Friday, 15 Apr 2016 09:58 AM
Hillary Clinton said Thursday she'll release the transcripts of speeches she gave to Goldman Sachs "when everybody does it," but meanwhile, she pointed out that she's allowed her own tax returns to be made public and insisted that Bernie Sanders and Donald Trump must do the same.

"I have said, there are certain expectations when you run for president," the former secretary of state said during Thursday night's CNN debate against Sanders. "This is a new one. And I've said, if everybody agrees to do it, because there are speeches for money on the other side. I know that."
But meanwhile, she argued, there is a "long-standing expectation" that everybody who is running for office release their tax returns.

"I've released 30 years of tax returns, and I think every candidate, including Sen. Sanders and Donald Trump, should do the same," Clinton said.

She also thinks the same should hold true for speeches.

"Let's set the same standard for everybody," said Clinton. "When everybody does it. OK, I will do it, but let's set and expect the same standard on tax returns. Everybody does it, and then we move forward."

Clinton also said that there is not an issue where her speeches to the Wall Street bankers are concerned.

"When I was in public service serving as the senator from New York, I did stand up to the banks," she said. "I did make it clear that their behavior would not be excused. I'm the only one on this stage who did not vote to deregulate swaps and derivatives, as Sen. Sanders did, which led to a lot of the problems that we had with Lehman Brothers."
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Sanders replied that he'll release "all of the transcripts of the speeches that I gave on Wall Street behind closed doors, not for $225,000, not for $2,000, not for two cents. There were no speeches."

But when it comes to his taxes, he said that "of course" they'll be released, but his wife, Jane, does them and they have been "a little bit busy lately."

"Well, there are a lot of copy machines around," Clinton retorted.

Sanders said he believed his 2014 income tax statement would be released on Friday, which Bernie Sanders campaign manager Jeff Weaver also confirmed on CNN's "New Day" program.

Weaver also said Sanders' current-year returns and others will be released shortly.

But in the debate Thursday night, Sanders said he doesn't "want to get anybody very excited" over his tax returns.

"They are very boring tax returns," said Sanders. "No big money from speeches, no major investments. Unfortunately, I remain one of the poorer members of the United States Senate, and that's what that will show."
Meanwhile, Trump has said that his tax returns have been under constant audit from the Internal Revenue since 2002, and he could not release them for that reason, even though the IRS said that the returns can be released despite being audited.
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