Allowable Deductions

The Clintons' tax returns from the late 1970s support their Whitewater story -- but they don't close the book

Bill Clinton probably winces every time he hears that the Whitewater affair has raised "another question." And he probably never believed that he would lay all the questions to rest last week when he released his tax returns for 1977 through 1979. But here's a question he may not have expected to raise: Because the returns go some way to support the White House version of events on Whitewater, why didn't he simply release them sooner?

During the 1990 Arkansas governor's race, the Clintons made public their tax records dating back to 1980. They drew the line there, which meant that...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!