Michael Bloomberg Can Keep Details of His Wealth Hidden Until After Super Tuesday
The Bloomberg campaign did not immediately respond to a request for comment on whether he would make details of his wealth available sooner than March 20. His campaign has said previously that he would release his taxes but it has not said when or how many years’ worth.
Political transparency and potential conflicts of interest have become important topics in presidential politics as President Trump broke years of precedent and refused to release his tax returns in 2016 — and many Democrats do not want to cede their political advantage on the topic in 2020.
The amount of his own money that Mr. Bloomberg, a former mayor of New York City, has been pouring into the primary has become a major point of contention as some of his progressive rivals, led by Senators Bernie Sanders of Vermont and Elizabeth Warren of Massachusetts, have accused him of trying to effectively buy the nomination.
Lawrence H. Norton, a counsel for Mr. Bloomberg’s campaign, wrote to the Federal Election Commission on Friday that the Bloomberg team had “made diligent efforts” at filing the report.
“Due to the complexity of his holdings and the need to obtain certain information from third parties, Mr. Bloomberg needs additional time to gather and review his financial information,” Mr. Norton wrote in a three-paragraph letter.
The agency granted the Bloomberg campaign its second extension — a previous 45-day extension was given in December — on the same day the letter was received.
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