USA TODAY US Edition

Opposing view: Tax return release would set off a frenzy

- Robert W. Wood Robert W. Wood is a California­based tax lawyer and writer on tax matters.

Like MAGA hats and the border wall, President Donald Trump’s tax returns are a flashpoint, but he should keep them private until the courts order otherwise. As a lawyer for clients facing tax problems, I find it hard to conjure a

tax reason for the president to reveal his returns for dissection.

Political considerat­ions may cut the same way. Candidate Trump flouted tradition by refusing to release his returns, and remarkably was still elected, so why disclose them now?

Any scrutiny he faced as a candidate pales with today’s feeding frenzy. Trump’s tax returns would be pilloried by armies of experts and conspiracy theorists. Even if his storied audit is over, congressio­nal or public viewing could change that. The president’s tax returns could become the new Mueller investigat­ion.

Trump’s returns may reflect considerab­le income and aggressive tax maneuvers. Would haters or fans expect anything less? Our tax laws are complex, and even media darlings such as Warren Buffett say they pay as little tax as legally allowed.

Taxes make a poor spectator sport, but many voters consider candidate tax disclosure­s essential badges of trust. They may be, but Trump surely lost those votes in 2016, and disclosing now will surely not win any for 2020.

House Democrats want the returns, invoking a 1924 law they say is clear. Republican­s say political motives taint the request, and a protracted court battle seems inevitable. There was never a legal impediment to the president voluntaril­y releasing his returns, but continuing to resist is unlikely to earn the president any more enemies. He might even lose loyalists by disclosing.

Many Americans believe that tax disclosure­s should be mandatory for candidates, a kind of public vetting of truth and citizenshi­p. They may be right, but until the law requires it of candidates or the courts mandate disclosure, Trump should stand pat.

Newspapers in English

Newspapers from United States