Great ResignationDiversity and InclusionCompensationCEO DailyCFO DailyModern Board

The Senate’s Highest Ranking Republican Calls For Trump to Release His Tax Returns

June 1, 2016, 4:26 PM UTC
Senate Leaders News Conference Following Weekly Lunch Meetings
Senator John Cornyn, a Republican from Texas, from right, Senate Majority Leader Mitch McConnell, a Republican from Kentucky, John Thune, a Republican from South Dakota, and Senator John Barrasso, a Republican from Wyoming, address members of the media after a Senate luncheon meeting at the U.S. Capitol in Washington, D.C., U.S., on Tuesday, May 10, 2016. Senate Republicans have already been on the defensive in trying to hold on to its majority in the November election, and now senators are struggling to get on the same page about Donald Trump as their party's presidential nominee. Photographer: Andrew Harrer/Bloomberg via Getty Images
Photo by Andrew Harrer—Bloomberg via Getty Images

Every Republican nominee since Richard Nixon has released their tax returns, and Mitch McConnell thinks that Donald Trump should follow suit.

Releasing one’s tax returns isn’t technically required when running for president, but it is a longstanding tradition that lets voters learn more about a candidate. When asked about the subject in a recent interview with Business Insider the Senate Majority Leader said, “For the last 30 or 40 years, every candidate for president has released their tax returns, and I think Donald Trump should as well.”

Hope Hicks, a spokesperson for Trump’s campaign, assured Fortune that Mr. Trump is undergoing a routine audit and will release his returns once it’s complete, reiterating a sentiment Trump himself has said many times. However, experts have told CNN Money that an audit doesn’t preclude disclosure.

[playbuzz-item url=”//”]

McConnell joins a larger group of prominent Republicans, including Mitt Romney, who say Trump should disclose his returns. Though he doesn’t support a Democrat-backed bill that would make it a legal requirement, a recent poll shows that most Americans do—despite the fact that both Trump and RNC Chairman Reince Priebus think they don’t.

There are various theories as to why the presidential candidate may not want people to see his tax returns—maybe he doesn’t donate to charity as much as he says he does; maybe he’s not as wealthy as he claims; and maybe he just doesn’t pay taxes—something we saw in his tax returns from the 1970s.


Whatever the reason, this is something that the Democrats will likely focus on in the general election and, as Fortune’s Shawn Tully speculates, delaying the disclosure could end up being disastrous for him.