January 17, 2020 BLOOMBERG INTENDS TO RELEASE HIS TAX RETURNS UPPING THE PRESSURE ON TRUMP Trump claims his finances are too complicated, but Bloomberg is an even wealthier New York billionaire. By Russ Choma
A lawsuit by House Democrats to force the administration to hand over Donald Trump’s tax returns to investigators was put on hold by a federal judge on Tuesday. But the president may soon feel pressure to disclose more about his personal finances—and separate himself from his business empire—from a different source: the other New York billionaire running for president.
Michael Bloomberg, the former Republican-turned-independent New York mayor and current Democratic presidential candidate, is planning to release his tax returns if he receives the Democratic nomination for president, says a senior Bloomberg campaign aide.
“He’ll release his returns,” says Tim O’Brien, a former columnist and executive editor at Bloomberg Opinion and Trump biographer, “and he has every intention of handling this in a completely different way than Donald Trump has, because he understands the transparency around his finances and the absence of financial conflicts of interest are important for the president of the United States.” -motherjones.com https://www.motherjones.com/politics/2020/01/bloomberg-intends-to-release-his-tax-returns-upping-the-pressure-on-trump/