Trump to release ‘Financial Statement’ before next polls

Trump to release 'Financial Statement' before next polls
Trump to release 'Financial Statement' before next polls :File Photo

Trump said that he will release his financial information prior to the 2020 general elections and that it will prove that he’s richer than people think.

Trump is the first major-party presidential candidate since Gerald Ford in 1976 not to release his tax returns.

US President Donald Trump, facing lawsuits and political demands to release his tax returns and other financial information, said on Thursday he will release a statement on his finances before the presidential election, and asserted that it was his call on providing the information.

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“I’m clean, and when I release my financial statement (my decision) some time prior to election, it will only show one thing that I am much richer than people even thought, And that is a good thing,” Trump said in a post on Twitter, providing no details on his claims of wealth.

Trump also said Special Counsel Robert Mueller‘s two-year investigation into Russian interference in elections, which most recently led to the criminal conviction of Trump’s former adviser Roger Stone, showed that his finances were in order.

Mueller “went over all of my financials, & my taxes, and found nothing. Now the Witch Hunt continues with local New York Democrat prosecutors going over every financial deal I have ever done. This has never happened to President before. What they are doing is not legal,” Trump wrote.

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Trump, an international hotelier and former reality TV star, is the first major-party presidential candidate since Gerald Ford in 1976 not to release his tax returns.

Last week, a federal judge dismissed New York’s attorney general and state tax commissioner as defendants in Trump’s lawsuit seeking to block a congressional committee from obtaining his New York state tax returns.

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New York passed a law earlier this year that would allow the committee to access Trump’s state tax returns.

Meanwhile, an appeals court in New York has ruled that Trump’s longtime accounting firm must hand over eight years of his tax returns to New York prosecutors.

The president’s tweet is likely related to a claim by New York prosecutor that he needs to see Trump’s tax returns in order to investigate whether Trump committed state tax fraud by paying hush money to a porn star as part of an extramarital affair.

Trump has refused to honor the tradition of the president releasing their tax returns, which dates back to President Richard Nixon.

Trump blasted investigators seeking his financial records and said he would release them voluntarily ahead of the 2020 election, although he made a similar pledge in 2016.