Clinton, and Kaine, released a new batch of income tax returns on August 12, showing that Clinton and her husband, former President Bill Clinton, made more than $10 million in 2015, the release also ratcheted up the pressure on Donald Trump to his own tax history public. The Clintons donated $1,042,000, or 9.8%, of their adjusted gross income to charity.
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The release coincides with a new Clinton campaign web video featuring Republicans pressuring their nominee to release his returns.
Clinton’s running mate, Virginia Senator Tim Kaine has also released 10 years of tax information.
Departing from 40 years of tradition for presidential candidates, Trump has so far refused to release any of his tax returns for public inspection. “What is he trying to hide?”.
“Donald Trump is hiding behind fake excuses and backtracking on his previous promises to release his tax returns”, Clinton campaign communications director Jennifer Palmieri said.
The Clintons have been criticized for collecting what are perceived as exorbitant fees related to public speaking events.
Hillary Clinton gave dozens of paid speeches in 2013, 2014 and 2015 but gave this up before launching her candidacy for the White House in April 2015. Obama repeatedly used Romney’s business dealings against him and seized upon the former MA governor’s reluctance to release certain tax records.
Donald Trump responded to Hillary Clinton’s speech on the economy – which included her reactions to the proposals Trump outlined on Monday – calling the Democrat’s presentation “terrible” and “boring”. They paid an effective federal tax rate of 20.3 percent in 2015. The campaign has not released details, but Trump typically also holds public campaign stops while in battleground states.
On Thursday, Trump’s special counsel, Michael Cohen, told CNN he would not allow Trump to release them until the audits are complete.
He brushed off conservative radio commentator Hugh Hewitt’s attempt to reframe Trump’s observation as one that said Obama’s foreign policy created the conditions in Iraq and Syria that allowed IS to thrive.
Kaine and Holton over the past 10 years have had effective federal income tax rates ranging from 13.4 percent to 24 percent.
Mr Trump has repeatedly declined to share his tax information, claiming that he is now undergoing an audit from the Internal Revenue Service.
To summarize, Bill and Hillary Clinton gave 100 times more money to charity in 2015 than Donald Trump had given in the last seven years.
The disclosures underscore the extent to which Clinton’s wealth dwarfs that of the working families whose interests she is promising to champion, as recently as in a speech in the Detroit area on Thursday in which she accused Trump of being interested in helping “only millionaires like himself”. The couple’s tax forms show that to be a pretty profitable enterprise: the former president earned $1.7 million in consulting fees last year – but that is down from $6.4 million the year before.
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A year ago, The Associated Press revealed that Bill Clinton provided political and economic analysis to a few well connected businesses through a company called WJC, LLC.
