Rachel Maddow’s epic buildup to … 2 pages from Trump’s 2005 tax returns

LOS ANGELES — MSNBC’s Rachel Maddow teed up a major scoop about President Donald Trump’s taxes on Tuesday night — only to end up disappointing many in the political-media establishment with a report that was widely characterized as overhyped.

The big reveal, which Maddow did not get to until after a lengthy monologue and commercial break, showed that in 2005 Trump paid $38 million in federal income taxes on a reported income of $150 million.

That information was based on two pages of an IRS 1040 form supplied to journalist David Cay Johnston, who was a guest on Maddow’s show.

By the time Maddow got around to sharing that information, it had already been supplied by the White House and published on The Daily Beast, where Johnston is a columnist. Even so, the documents left the public with more questions than answers.

The decision to hype the scoop — Maddow first tweeted her all-caps “breaking” alert at 7:36 p.m. ET — disappointed many journalists, who felt that Maddow had undermined legitimate inquiry into Trump’s tax returns.

It also disappointed Democrats, including Hillary Clinton’s 2016 campaign press secretary Brian Fallon.

Before Maddow’s broadcast, Fallon retweeted the breaking news alert and called it “the holy grail.” After Maddow showed her hand, Fallon wrote: “Dems should return focus to Trumpcare tomorrow & the millions it will leave uninsured, not get distracted by two pages from ’05 tax return.”

Finally, Maddow’s handling of the tax returns gave the Trump White House and pro-Trump conservatives like Sean Hannity and Laura Ingraham an opening to mock NBC and the media for “hysterical” reporting. And they did so for nearly on hour on Hannity’s program on Fox News.

Even CNBC took a dig at its sister network, with a headline that read: “Donald Trump just got a nice victory, thanks, of all people, to Rachel Maddow.”