‘This legislation is the one–two punch needed to keep the Trump administration from stonewalling congressional oversight efforts…’
(Kaylee McGhee, Liberty Headlines) A ranking Democratic member of the Senate Finance Committee reintroduced a bill that would force President Donald Trump to publicly release his tax returns.
Sen. Ron Wyden, D-Ore., wants Congress to pass the Presidential Tax Transparency Act, which would require sitting presidents and presidential nominees to publish their tax returns. Wyden said the act would “ensure public transparency.”
“Trump blew off a 40-year, bipartisan, pro-transparency tradition by refusing to release his tax returns—a tradition that dates all the way back to Watergate. It’s not just a matter of the president destroying a good-government campaign tradition,” Wyden said in a statement, according to The Hill.
“Week after week more questions are raised about Trump’s financial connections that could influence his foreign- and tax-policy decision-making. This legislation is the one–two punch needed to keep the Trump administration from stonewalling congressional oversight efforts, and ensure public transparency if Trump’s tax returns get tied up in court,” he continued.
During the 2016 presidential campaign, Trump declined to publish his tax returns.
He has ensured lawmakers that his taxes are currently under audit, but leftists have tried to pin the president with “dubious” tax schemes.
Wyden called on the IRS to investigate a New York Times report that claimed the president and his family were involved in “allegations of potentially illegal tax fraud.”
“These media reports represent serious and credible allegations of potentially illegal tax fraud, based on extensive documentation,” Wyden wrote in a letter IRS Commissioner Charles Rettig in October.