- Joe Crowley says he's glad President Trump released his tax proposal.
- Crowley adds that Trump should release his tax returns to let Americans know exactly how he'll benefit from the tax plan.
President Donald Trump should release his tax returns on good faith, a Democratic leader told CNBC on Thursday.
"I'm glad the president showed the courage to release his tax proposal. But not his taxes, unfortunately," said Rep. Joe
Among other things, the plan would eliminate the inheritance tax and cut the top rate on "pass-through" businesses from 39.6 percent to 15 percent, which would benefit Trump personally.
When White House spokesman Sean Spicer was asked last week if Trump would authorize the IRS to provide more details of the audit, the press secretary deflected. He said, "The president's view on this has been very clear" and "the American people understood it" when they elected him.
Earlier this month, tens of thousands of people had marched in more than 150 cities across the country to demand Trump release his tax returns. The White House has said Trump has released plenty of information.
—CNBC's Christine Wang contributed to this report.