President Donald Trump's long-running explanation for not releasing his tax returns was upended on May 19 when acting Attorney General Todd Blanche issued a Justice Department document that effectively shut down any existing Internal Revenue Service audits, investigations and enforcement actions against Trump, his family and his sprawling business empire.
Since his 2016 campaign, Trump has declined to follow the tradition of U.S. presidents releasing tax returns, saying he couldn't do so because of ongoing IRS audits.
“I may even release my current returns,” Trump told reporters May 20 when stepping off Air Force One at Joint Base Andrews in Maryland when asked about the agreement between the president and his own administration.
Meghan Faulkner, communications director for the watchdog group Citizens for Responsibility and Ethics in Washington, called on Trump to release his taxes now that the audits have shut down.
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