TRUMP,TAXES AND TAX POLICIES

++Both the New York Times and Washington Post demanded Trump release his taxes. Yesterday, he refused to say what tax bracket he is in. 

++Paul Krugman wrote yesterday Trump has to be hiding something in his tax returns because he can't fear an IRS audit because they already are auditing him. So what is it? Mitt Romney believes he is hiding connections to organized crime but that doesn't seem to make any sense that it would be so overt on a tax return. 

++One idea is that Trump just isn't as wealthy as he says. The other is that he receives Social Security. Another prospect is that all those offshore accounts may appear.

++But Krugman seized on something more important. Trump's tax policies have changed from raising them on the very wealthy to cutting them from 39.5% to 25% and adding to the national debt anywhere from $4 to 15 Trillion. 

++He was so hammered by the GOP establishment that he brought in two approved GOP economic wizards. Larry Kudlow of CNBC and Stephen Moore of the Heritage Foundation. 

++Kudlow is known for ridiculing "bubbleheads who expect housing-price crashes in Las Vegas or Naples, Florida. to bring down the economy and the entire stock market". which was exactly what happened. In 2007 he predicted three years of "Goldilocks" prosperity.

++Krugman writes that the candidate has no idea who is and who isn't competent. He doesn't know what he doesn't know. "For example,he keeps asserting that America has the world's highest taxes, when actually we're actually at the bottom among advanced nations."

++Krugman asks how someone so careless and incurious was such a huge success in business.  But he asks the most pertinent question--Was he? Only the tax returns can tell us and he isn't going to release them anytime soon.

++(Note) The Christian Science Monitor analyzed Hillary Clinton's budget and it adds up and is almost frugal She has released all her tax returns from the beginning of time.