LinkedIn Billionaire Offers $5 Million for Donald Trump’s Tax Returns
Hoffman has tossed his support behind Pete Kiernan, a 26-year-old Marine Corps veteran who on crowdfunding platform Crowdpac.com has launched a campaign to raise at least $25,000, which he says he will donate to non-profit organizations that assist veterans if Trump releases his tax return by the final debate, October 19.
In a Medium post published on Monday afternoon, LinkedIn co-founder Hoffman expressed his support for Kiernan’s campaign, and upped the ante by promising to quintuple the final total raised by Kiernan, up to $5 million.
Hoffman said in his article that he will match five times the crowdfunded amount to donate up to $5 million. The money raised between Hoffman and the campaign will be distributed to different veterans charities. If Trump doesn’t show his returns, all who have pledged money will not be charged, according to Kieran’s website.
Hoffman isn’t the first business figure to pressure Trump to release his tax returns. [T] aking Trump’s own 2012 offer to President Obama into account, I’d like to assist Kiernan in his campaign. Twitter co-founder Ev Williams, Box chief executive officer Aaron Levie and venture capitalist Vinod Khosla were among those endorsing the letter, which said Trump’s views on immigration, internet security and government investment would stifle the technology industry and divide the nation. Trump has claimed that he is being audited and therefore can not reveal his returns, a fact that many experts disagree with. It is customary for U.S. presidential candidates to show the public their personal tax returns, but Trump has refused to do so, citing an ongoing IRS audit. Hoffman is a partner at Greylock Partners, but participated in Crowdpac’s $6 million Series A in early 2016 as an independent investor. Mike Pence, Trump’s running mate, has already released his tax documents, as have Democratic nominee Hillary Clinton, and her running mate, Sen. Moskovitz said last week that he felt “compelled to act” because “the polarization in America today has yielded a race that is about much more than policies and ideas”.