In his Friday New York Times column, economist Paul Krugman broke down why he believes that Republican presidential nominee Donald Trump isn't releasing his tax returns — and the results are not pretty.
"Mr. Trump’s excuse, that he can’t release his returns while they’re being audited, is an obvious lie," Krugman wrote. "On the contrary, the fact that he’s being audited (or at least that he says he’s being audited) should make it easier for him to go public — after all, he needn’t fear triggering an audit!"
That "obvious lie" is abetted, Krugman said, by another — the one in which he claimed that he'd raise taxes on the wealthy in order to help the working class. That would've shattered Republican orthodoxy, which at the time Trump was entirely in favor of doing. Now? Not so much:
Last fall Mr. Trump suggested that he would break with Republican orthodoxy by raising taxes on the wealthy. But then he unveiled a tax plan that would, in fact, lavish huge tax cuts on the rich. And it would also, according to nonpartisan analyses, cause deficits to explode, adding around $10 trillion to the national debt over a decade...
Read the rest at the New York Times.