In New Bill, Democrats Will Force Presidential Candidates To Release Tax Returns

Screengrab/The White House/YouTube

House Democrats will introduce a measure requiring presidential candidates to release 10 years of their tax returns.

One of the first orders of business House Democrats intend to address as they take control this month is legislation that would require presidential candidates to make public their tax returns, according to CNN.

The move is a not-too-subtle response to President Donald Trump’s unwillingness to turn over his own tax returns for public viewing — a move that could shed light on both his domestic and foreign business dealings.

To date, Trump has refused to release his tax turns with the excuse that they are under audit by the IRS, but an audit does not preclude making the disclosure.

According to two sources familiar with the discussions, Democrats will include a provision in their new bill that would require presidential nominees to disclose 10 years of tax returns shortly after they become the nominee. Vice presidents would also be required to disclose a decade of returns. The tax returns would then be posted on the Federal Election Commission's website for public viewing.

The 10-year requirement is new marker. At the end of last year, Democrats had disclosed H.R. 1 would require presidential candidates to release just three years of tax returns, but a source familiar with the process said that after reviewing precedent, the marker was moved to a decade of returns.

The provision would be included in H.R. 1, a far-reaching bill that makes sweeping ethics changes as well as lays out Democratic priorities on voting rights and health care. The legislation isn't expected to pass the Republican-controlled Senate or be signed by Trump, also a Republican. However, it will give committees an opportunity to set markers on Democratic priorities in the new Congress.

Read more.

Comments