Betsy McCaughey, the former Lieutenant Governor of New York, said the American public did not care about the US leader’s tax returns and dismissed the notion he had “something to hide”.
The comments com after American TV channel MSNBC revealed it had seen a tax return summary for the billionaire tycoon for 2005.
It claimed President Trump earned more than $150milion that year but paid a small percentage in regular federal income taxes.
Betsy McCaughey said Donald Trump's tax returns were "very complex"
It would be such a distraction from the essential mission of his Presidency, which is to restore economic growth in the United States
Ms McCaughey told BBC Radio 4’s Today programme: “Most people who run for president are just career politicians, they make their money giving speeches and writing books, they have very very simple tax returns.
“On the other hand, Donald Trump isn’t a blabber, he’s a builder, he spent his life building properties.
“He has very complex tax returns, lots of depreciation allowances, investment tax credits and therefore there would be a storm of controversy over every single deduction. It’s a total waste of time and I would urge him never to release his tax returns.”
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US President Donald J. Trump gets in the driver's seat of an 18-wheeler while meeting with truck drivers and trucking CEOs on the South Portico prior to their meeting to discuss health care at the White House in Washington, DC
Betsy McCaughey said the American public did not want to see details about the President's finances
She said releasing details about his finances would be deviating from Mr Trump’s “essential mission”.
“It would be such a distraction from the essential mission of his Presidency, which is to restore economic growth in the United States,” she added.
Ms McCaughey, who joined the President’s team as an economic adviser last year, claimed Americans were more interested in their own tax returns.
She said: “Frankly, I haven’t met any man on the street or woman on the street who cares at all what’s in Donald Trump’s tax returns.
“What they’re interested in is what their own tax returns are going to look like and Donald Trump is doing his best as President to focus on keeping the promises that he made to them. More jobs, higher income.”