You won’t read much of this in the leftist media, but President Donald Trump has managed to tack his financial sail to the offense recently by voluntarily filing financial disclosure forms. Big deal, you say? Well, yes actually it is. The ninety-eight page Financial Disclosure Form is extremely detailed and gives as much, if not more, information than any form included within a 1040 tax return.
It’s not terribly surprising that the left and the media (perhaps that’s redundant) are outraged because the form confirms that President Trump is a very wealthy man and a very successful businessman. During the period outlined, his income shows to be in the hundreds of millions and higher than the previous year’s report. The information covers the period from January 2016 through April 15, 2017, and reports on income, assets, and liabilities.
The positive results and improvement in his financial position may have been what drove President Trump to be transparent and self-report, even though not required by federal law to do so until next year. I’ll wager that many of the people making the most noise and criticizing the disclosure forms lack of information have not read the report nor have the financial acumen to decipher its contents.
Liberals will not be satisfied until they have a tax return in hand which they can spend months scouring for the nugget of evidence that POTUS reported something different than proclaimed on the campaign trail. News flash folks, most of us have moved on and believe there are more important issues to be dealt with than spending every waking moment looking for a way to lynch the current Commander-in-Chief.
The picture painted to the American public by the establishment media hungry for his tax return is that President Trump is breaking the law, or not being truthful by not releasing his tax information. Many of the people who voted for him did so because of his business intelligence and successful track record. The president has often stated that he carefully follows the tax law and in some cases, benefits from it. Not doing so wouldn’t be prudent and would give competitors the edge. Simply put, it’s good business to pay the least amount of taxes as a corporate entity.
The complaint that President Trump is the first president in forty years to not make his tax returns public is in part one sided. Most presidents have made their 1040 form part of the public record. However, they are not required by law to do so. The trend started in the late sixties when then candidate, George Romney, was pressured by the media to release his tax returns. Since that time, Gerald Ford was the only president to keep his income tax returns private. (A fact that continues to slip under the radar of the elite media.)
The President’s track record thus far shows him trying to accomplish what he said he would, albeit at the chagrin of the Democrats. If President Trump were to release his taxes now it would be a media feeding frenzy, one that would push this nation further into a divided tailspin – and to what end? A giant serving of the U.S. tax code with a morning cup of coffee is not exactly the breakfast of champions.
Trump is not the first wealthy man to become president, and I doubt he’ll be the last. So maybe it’s time the left raises a hand in surrender and accepts the fact that they just plain got beat by a very wealthy man. Period.
Thus far they remain incapable of accepting this simple fact and cannot seem to move beyond in the first stage of grief – denial.