U.S. President Donald Trump looks up while hosting a House and Senate leadership lunch at the White House in Washington, U.S. March 1, 2017.
Johnston, who speculated that Trump himself could have leaked the returns, joined MSNBC’s Rachel Maddow to discuss the documents.
No other national news outlets have reported on obtaining that form.
Before the segment aired, the White House issued a statement about a “dishonest media” that was “desperate for ratings”.
The unauthorized release or publishing of federal tax returns is a criminal offense, punishable by a fine of up to $5,000 and up to five years in jail.
During the 2016 campaign, Trump called for the elimination of the alternative minimum tax (AMT), which is a tax created to make sure that all taxpayers pay a certain amount even if they manage to reduce their tax liability.
Trump’s biographer David Cay Johnston said he’ll be there, too.
Trump reported $150 million in income and $38 million in paid taxes, according to a statement from the White House. Trump explained that his tax revenues were being checked by the US Internal Revenue Service, and therefore it was too early to reveal the data.
The report follows unsuccessful efforts by Democrats since the start of the 2016 presidential campaign to pressure Trump’ to release the documents.
It’s a possibility, and it could have been leaked by someone at his direction.
Mr Johnson was set to reveal the document on MSNBC, a liberal network, whose anchor Rachael Maddow boasted on Twitter they had obtained the document. As a result, he ended up paying very little in taxes, far below the amount paid by most people in the nine-figure income bracket. Trump wants to eliminate the AMT, which was meant to assure the rich don’t avoid paying their fair share. He was the first such president in more than 50 years to refuse to do so. After becoming the first journalist to get ahold of Trump’s tax returns, she’s bound to get an even bigger audience now!
Michael Beschloss told MSNBC that the reason all presidents since Nixon have released their tax returns “is so you don’t have mysteries about possible sources or possible conflicts of interest”.
The newly uncovered pages from Trump’s 2005 returns show that he continued to benefit from the loss and use it as a tax credit.
“We litigated this all through the election”.