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Another vetting diary. Let's get to brass "tax" here.

Why are Hillary Clinton and John McCain refusing to release their tax returns?

She compares herself to McCain. It seems they have even more in common than she first thought.

Why won't Hillary release her tax return right now, this minute? Why wait until April 15?

She and Bill completed their tax return last year, just like most Americans and providing a copy would go along way to reassuring voters that there are no skeletons in their closets.

Shouldn't be all that difficult, right? Obama has released his return.

When asked this question by Tim Russert, why was she hemming and hawing uncontrollably?

Is she really so busy she can't disclose to the American people that there is no funny business going on with the Clinton finances? This begs a very simple question: What is Hillary Clinton hiding?

The American people deserve a complete vetting of the Clinton's tax returns.

http://www.americablog.com/...

It'd be great for our nominee to hit John McCain on his refusal to release his taxes, but, oh, that's right, we can't because Hillary is doing the McSame old thing.

Hillary likes to tell us that she's been "fully vetted" before, so there will be no more surprises if she becomes our nominee. Really? Putting aside her husband for a moment, let's talk about her taxes. Hillary and McCain are both refusing to release their tax returns. (Obama released his returns last April, 2007.) Hillary says she'll release hers once she becomes the nominee. And McCain won't make any promises at all.

What is Hillary afraid that we'll find in her returns?

The candidates preceding Hillary released their returns before they were the nominee. According to the Washington Post, "Sen. John F. Kerry released his returns in December 2003, long before winning the nomination; Vice President Al Gore's returns, of course, were already public." And Kucinich, Dean, Clark, Gephardt, and even evil Joe Lieberman released his returns.

Then there's Bill Clinton. In 1992, Bill Clinton made his tax returns public during the primaries. But, there was a catch. He didn't release his 1979 and 1978 tax returns. Those were the returns showing that Hillary had made a 10,000% cattle-futures profit that raised a few eyebrows.

So is that why Hillary isn't releasing her returns? Because she knows that sometimes tax returns hide things that might appear (or be) scandalous? But even that argument doesn't make sense since Hillary has promised to release her returns AFTER she becomes the nominee. That means that she has no privacy interest in her tax returns, she's going to let the public see them soon anyway, but she simply doesn't want Democratic voters to get the chance to have her tax returns inform their vote during the primaries.

Originally posted to First Amendment on Fri Mar 07, 2008 at 04:11 AM PST.

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Comment Preferences

  •  Hillary, Release you tax returns now! n/t (6+ / 0-)

    Change will not come if we wait for some other person or if we wait for some other time. We are the ones we've been waiting for. We are the change that we seek.

    by First Amendment on Fri Mar 07, 2008 at 04:10:52 AM PST

  •  Prediction: they apply for an extension. (2+ / 0-)

    With Pennsylvania voting the week after April 15th, anything revealing in their return will be political dynamite.

    So I'm going to call it now. My prediction is:

    The Clintons will file Form 4868, Application for Automatic Extension of Time To File U.S. Income Tax Return, by April 15th. Giving them six months to sit on their information.

    The nation can be made to produce a far higher standard of living for the masses of the people if only government is intelligent and energetic... (FDR, '37)

    by ShawnGBR on Fri Mar 07, 2008 at 04:14:50 AM PST

  •  What do you all think you'll find? (1+ / 0-)
    Recommended by:
    evdebs

    Let's think about what would be on somebody's personal tax returns.

    There won't be any money from political donations because those are filed with the FEC. There won't be anything from Bill's foundation b/c it's likely a 501(C)3 and thus he'd file a 990. The same with the famed Clinton Library. Anyone who gives to that is giving to a not-for-profit organization, not to the Clinton's personally.

    I don't know what any of the rest of you put on tax returns, but everyone i know puts down how much money they earned, how they earned it, what deductions they have if they're self employed or a sole proprietor of a business, etc.

    My guess is it's one of a few things. One is that she makes so much money that she realizes voters will be overwhelmed by it and she'd have a lot less credibility as a spokesperson for those "working the night shift" stiffs. Another is that they are using some creative loopholes to avoid paying taxes on Bill's income from his foundation. There is a loophole (any CPA's who can help with this?) regarding income derived at the administrator of a charitable foundation--I've known a couple of trust fund kids who got their income that way.

    Another possibility is that the Clintons are not very charitable. Remember Gore was found to have given only something like $800 to charity one year? It's possible the Clintons have an income well into the tens of millions of dollars and don't give a lot to charity. This would be a major embarassment.

    Nothing in this post has really been said, since i voted for Obama and therefore don't matter.

    by Fmrdempolop on Fri Mar 07, 2008 at 04:57:00 AM PST

  •  No joint-filing in 2007? (0+ / 0-)

    Just a guess, but not an entirely wild one.

  •  Cattle Futures (2+ / 0-)

    Hillary Clinton is the most secretive politician in public life.  The name-calling about Ken Starr is ludicrous.  It is the response of someone who believes that we, as voters, have no right to seek basic information about a candidate for our vote.  This is a job interview for a position where the opportunity to exploit political power for personal wealth and personal power is enormous.

    Releasing one's personal financial statements, tax returns, donor lists, and ear marks is a good faith act to insure voters that a candidate is enacting public service, not self service.

    The endless delays, evasiveness and unwillingness to make this information public is a pretty good indication that candidate Clinton does not see herself as a public servant who is accountable to voters. And she resorts to name-calling when she is asked to do what all of the other candidates have willing done, even before being asked.

    As the wife of a former President, she has had many advantages in this campaign from the start. What we should be seeing, and are NOT seeing, is an effort to reassure voters that hidden power is not being used once again to manipulate behind the scenes.

    The pervasive secrecy, and lack of accountability by the Clinton campaign is telling.

  •  can someone explain to me (1+ / 0-)
    Recommended by:
    evdebs

    what releasing her tax returns entails?

    I listen to her talk about how much time it will take her to "get it together" and it begs the question (and I'm honestly asking here) -- is there something more involved in this than just producing certified copies or something like that of whatever was submitted to the IRS?   Otherwise I'm wondering why she doesn't have my equivalent of a blue folder in my file cabinet - extract, copy, sign and certify, release, voila, end of story.  

    But I have no idea what is actually usually turned over.  Am I missing something?

    Oh - and as for your last point - if, theoretically, a candidate was worried about getting burned by something in their return, I'd think it would be a heck of a lot better for the party for that to happen during the primaries than to lose a general election over whatever "it" is.  If one was mostly concerned about the party winning the election, that is.

    (Sadly, in Kathmandu no longer.)

    by American in Kathmandu on Fri Mar 07, 2008 at 05:44:18 AM PST

  •  Some things I'd like to know? (0+ / 0-)

    I’d like to know how either Hillary or Barrack would:

    Reduce our $300 Bill Deficit,
    Stop spending $10 Billion a month in Iraq,
    Restore American security by restoring our diplomatic standing around the world,
    Implement health care reform with a spineless Congress,
    Stand up to health insurance companies,
    Make it easier for American companies to compete in a world market,
    Restore our constitution,
    Restore our privacy,
    Stop trying to rule from fear.

    I could care less about Hillary’s tax return.
    I could care less if Barrack is being mean to Hillary.

    I want my country back
    I want my freedoms back
    I want my money back
    I want my security back

    And I’d like to see Bush and Cheney prosecuted for crimes.  

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