Pressing Donald Trump for Tax Info, Ted Cruz Releases His Own
Ted Cruz released new information about his personal income taxes on Saturday in a bid to ratchet up pressure on Donald Trump to do the same.
* This story has been updated throughout.
LITTLE ROCK, Ark. — Ted Cruz released new information about his personal income taxes on Saturday in a bid to ratchet up pressure on Donald Trump to do the same.
"It is time to stop the excuses," Cruz, the U.S. senator from Texas, said as his campaign unveiled fresh details about his 2011-2014 tax returns.
Cruz had already released his tax returns for 2006-2010 while running for the U.S. Senate in 2012. At a debate Thursday, he promised to make public his tax returns for the next two years, and although he did not meet his own Friday deadline, he released two more years of returns than he had promised.
His latest disclosure, which only included the first two pages of each year's tax form, shows his adjusted gross income — the campaign mistakenly called it "adjusted growth income" — from 2011-2014 ranged from $970,193 to $1,731,027 annually. He paid income taxes of $302,648 to $494,009 each year, or effective tax rates between 28.38 percent and 32.22 percent.
In releasing the latest information, Cruz called on Trump to "release at least nine years of tax returns." Cruz's campaign cast doubt on Trump's claim that he cannot immediately release them because he is being audited, citing an IRS statement that partly said "nothing prevents individuals from sharing their own tax information."
Cruz, without having seen any of Trump's returns, suggested a number of things that might make a candidate drag his feet: There may be a "bombshell in them," as 2012 Republican nominee Mitt Romney recently suggested; they may show he is not as wealthy as he claims to be; and they may reveal he has made donations to "left-wing organizations" such as Planned Parenthood.
"It’s time for Trump to come clean and release his tax returns,” Cruz said in a statement. "If he’s not been completely honest or has supported the most radical left-wing groups in America, voters deserve to know."
Asked about releasing only the first two pages of his tax returns, Cruz reminded reporters here that another GOP rival, Marco Rubio, did the same earlier Saturday. Rubio, a U.S. senator from Florida, is also pressuring Trump to make public his returns.
“If Marco wants to release the full thing for the recent years, I’m happy to do so as well,” Cruz said. "We just did it to match what the other candidates are doing. This is a competitive race.”
Cruz left unclear whether he believes Trump should release his full returns or only the first two pages as the two senators did. By releasing the first two pages of his most recent tax returns, Cruz did not disclose the part of the form that shed light on his giving to charity. Asked about that omission, Cruz told reporters he has made "very substantial charitable contributions."
Here are Cruz's public tax returns, including the five full tax returns he released previously and the front two pages for each of the past four years he released on Saturday:
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