Last updated on April 16th, 2019
The race for president in the 2020 elections would not be easy for Donald Trump, as the Democratic candidates continue to create arduous circumstances. On Sunday, Democratic Senator Kamala Harris threw an ace card, as she released 15 years of tax returns through 2018.
Her tax return gauntlet so far offers the most complete look at a presidential candidate’s personal finances, covering every year that she served in the elective office.
Harris provided the tax details from 2004, when she was San Francisco’s district attorney, to 2018, when she was a US senator. Since marrying in 2014, she has filed joint tax returns with her husband, attorney Douglas Emhoff.
As per the released data, in 2018, Harris and Emhoff had a combined adjusted gross income of $1,884,319 — most of it coming from the husband’s earnings — and paid total taxes of about $697,000. Emhoff has reported income of more than $1 million every year, from when they got married.
Over the past five years, the couple has paid more than $2.2 million in federal taxes at an average effective tax rate of 32.6 per cent, according to senator’s campaign.
The tax return details by Kamala Harris followed the Sen. Elizabeth Warren (Mass.), Sen. Kirsten Gillibrand (N.Y.), Sen. Amy Klobuchar (Minn.), and Washington Governor Jay Inslee, who also made their tax details public as part of their Democratic presidential campaigns. On the other hand, Sen. Bernie Sanders will release his tax filings this week.
While Warren released 11 years of her returns, Gillibrand and Klobuchar released for 12 years. A campaign aide stated that the data released by Harris made “made her the most transparent candidate in the field when it comes to information about personal finances. This is a stark contrast with President Trump, who refuses to release his tax returns.”
In the 2020 race Democratic candidates have released their tax returns, whereas Republican President Trump resist to make his tax fillings public. Becoming the first modern US President to not release the details, Trump has been called for the same by congressional investigators in probes related to his businesses and Russian interference in the 2016 presidential election.
Since winning the midterm elections in 2018, the Democrats are quite enthusiastic for the presidential elections as well. The policies that they have been introducing after taking control of the House of Representatives have attracted people’s attention.
Democrats passed a bill that calls for the presidential candidates to release their tax returns. However, the Senate, which is controlled by Republicans, is yet to vote on the same. Despite that, the Democratic candidates have been taking the route that is creating difficulties for Trump’s presidency.