Tax Returns & The Base
March 4, 2019
It truly is fascinating to watch the Hard Core Trump Base rise up on their haunches and respond to Trump tweets, pronouncements and positions.
I thought the Trump Base was loud but modest: maybe 20% of American adults? Wrong.
There seems to be a solid base of around 40% of American adults who idolize the words and actions of Donald Trump. Though the number might occasionally rise or fall by a few points, Trump’s 40 percent approval rating seems to be mostly bulletproof.
Trump’s base is loud and determined. One of his followers summed it up succinctly: “People who voted for Trump will NEVER stop believing in his strength, intelligence and goodness. Trump 2020!”
Those of us who didn’t vote for Trump may never understand the deeply held values of the people who see America and the rest of the world so drastically different from us.
Do the hard-core Trump folks really believe that Trump is an economic and social policy expert who alone can make America great?
Or are they just lost souls clinging to the past in a desperate hope that the inevitability of change and uncertainty can be conquered through anger, bad manners and avoidance?
Trump defied an established custom developed over the last 40 years by refusing to release his tax returns during the 2016 presidential campaign, although he did say – on multiple occasions during the campaign – that his tax returns had been under a routine Internal Revenue Service audit since 2009 and that he could not release them until the audit was finished. (N.B. The IRS has repeatedly stated that there is no prohibition or restriction on releasing tax returns while they are under audit.)
After a while, Trump promised that he would release his tax returns once the audit was completed.
I’m no expert on IRS audits, having only been audited once myself. My audit was completed within 90 days.
Generally, the statute of limitations for the IRS to close out tax audits on a taxpayer expires three (3) years from the due date of the return or the date on which it was filed, whichever is later.
Public evidence shows that in most cases, an IRS tax audit lasts less than one year. In a few rare cases where substantial tax fraud or misreporting (generally, unreported income) is involved, the statute of limitations can be extended to six years.
That said – and assuming worst case situations — the audit on Trump’s 2009 tax return would have been completed not later than October 15, 2016; 2010 by October 15, 2017; 2011 by October 15, 2018
Various public polls reflect the sentiment of a majority of Americans (70+ %) that Trump should release his tax returns. Yes, even some of the Trump acolytes agree that releasing the tax returns is the right thing to do!
It’s the job of congressional committees to conduct oversight of the executive branch, and the Ways and Means committee is empowered to obtain anyone’s tax returns – even a sitting President – under a provision of the tax code which has existed since the 1920s.
Let’s get those Trump tax returns released ASAP, and eliminate at least one of the broken campaign promises. As has been said, ‘sunlight is the best of disinfectants’.