Fox News's Charles Krauthammer says the issue of President Trump releasing his tax returns "is dead" despite calls from Democratic lawmakers and organized rallies.
Trump's tax information, and those of Vice President Pence, will be audited every year he is in office. The practice is known as a "mandatory examination" and has been in place since the Watergate era, according to the IRS.
But Hemingway also noted that MSNBC's Rachel Maddow's hyped release of Trump's 2005 Form 1040 ended up showing Trump paying a relatively high tax rate that year. Hemingway said the news "took the air out of that balloon."
BREAKING: We've got Trump tax returns. Tonight, 9pm ET. MSNBC.— Rachel Maddow MSNBC (@maddow) March 14, 2017
I did what was an almost an impossible thing to do for a Republican-easily won the Electoral College! Now Tax Returns are brought up again?— Donald J. Trump (@realDonaldTrump) April 16, 2017
Someone should look into who paid for the small organized rallies yesterday. The election is over!— Donald J. Trump (@realDonaldTrump) April 16, 2017