Taxpayers Hit Streets Demanding Trump's Returns
DENVER – As taxpayers hustle to meet next week's deadline, a coalition of education, labor and social-justice organizations is planning marches in cities across the nation demanding the release of President Trump's tax returns.
Demonstrations are set for Saturday in Colorado Springs, Denver, Grand Junction and Gunnison.
Hunter Blair, a budget analyst with the Economic Policy Institute, says it's time for Trump to set a tone of transparency and accountability.
"As we see the Republican Congress and the Trump administration shifting toward tax reform, it's really important that the public knows the extent to which these tax plans would line Trump's own pockets," he explained.
Organizers point out Trump is the first president in four decades to refuse to release his tax returns, and say it's important to know if there are conflicts of interest and if he has contributed his fair share. Trump has said he won't release his returns because of an ongoing IRS audit.
Blair notes that leaked partial returns from 2005 show Trump paid a 25-percent rate under the alternative minimum tax, but Blair says Trump would have only had to pay four percent without it.
GOP tax overhaul plans call for repealing the minimum tax. Blair says Trump's claims that lowering taxes on corporations and the wealthiest Americans will revive the economy and create jobs ring hollow.
"I think we know that that just doesn't work," he said. "We've had decades of trickle-down policies that have failed to reach the vast majority of Americans, and simply trying it again isn't going to get us a new result."
Blair says the tax plan Trump outlined during his campaign would cost U.S. taxpayers more than $6 trillion, more than three times the cost of the second Bush administration's tax cuts.
More than 70 percent of Americans, including 53 percent of Republicans, say Trump should make his returns public, according to a January ABC Washington Post poll.