Today, Explained Trump v. Taxes
Dec 17, 2019
Andrea Bernstein, co-host of the Trump Inc. podcast and author of American Oligarchs, dives into the legal confrontation surrounding President Trump’s tax returns. She discusses how the Supreme Court’s ruling could redefine presidential accountability and transparency in politics. The conversation reveals insights into Trump’s refusal to disclose his taxes, ongoing audits, and the implications of congressional inquiries. Bernstein emphasizes the historical context of financial disclosure among past presidents and the challenges faced in the current climate.
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Tax Return Transparency
- Presidential tax returns help ensure the president acts in the country's best interest, not their own.
- This tradition addresses the founders' concerns about corruption threatening democracy.
2016 Election Tax Returns
- In 2016, Trump broke with tradition, refusing to release his tax returns, citing audits and complexity.
- Hillary Clinton released hers, maintaining the traditional practice.
Post-Election & Democratic Subpoenas
- After winning the election, Trump claimed the vote validated his decision.
- After Democrats regained House control in 2018, they initiated investigations and subpoenaed his records.