Tammy Baldwin
Press Release

U.S. Senator Tammy Baldwin Joins Legislation Calling on President-Elect Trump, Future Presidential Nominees to Release Tax Return

Measure would give insight into foreign deals, increase transparency

By - Jan 5th, 2017 07:58 am

WASHINGTON, D.C. – U.S. Senator Tammy Baldwin today cosponsored legislation introduced by Senator Ron Wyden (D-OR) requiring President-elect Trump to release his recent tax returns in order to give the public honest insight into the President-elect’s actions, values and foreign business dealings.

“President-elect Trump’s refusal to release his tax returns makes it clear he has something to hide from the American people, ” said Senator Baldwin. “The public deserves to know if their President has taken advantage of tax loopholes or put his income or profits in off shore accounts in order to pay a lower tax rate than Wisconsin middle class families. People also deserve to know how President-elect Trump will personally benefit from foreign deals or his own tax cut proposals. Either President-elect Trump releases his tax returns or he explains to the people he works for why he believes he is entitled to keep secrets.”

The Presidential Tax Transparency Act requires all sitting presidents to release their most recent 3 years of tax returns to the Office of Government Ethics (OGE).  It also requires that, within 15 days of becoming the nominee at the party convention, presidential nominees must release their most recent 3 years of tax returns to the Federal Election Commission (FEC). Should the sitting president or future candidates refuse to comply, the Treasury Secretary will be required to provide the tax returns directly to the OGE or FEC respectively for public release.

For nearly 40 years—since Watergate—candidates from major political parties have voluntarily released tax returns during the campaign.

In addition to Baldwin, original cosponsors of the Presidential Tax Transparency Act include Senators Michael Bennet (D-CO), Ben Cardin (D-MD), Dianne Feinstein (D-CA), Tim Kaine (D-VA), Jeff Merkley (D-OR) Chris Murphy (D-CT), Debbie Stabenow (D-MI), Tom Udall (D-NM), and Elizabeth Warren (D-MA).

A one-page summary of the legislative proposal can be found here.

The bill text can be found here.

Press Releases by Tammy Baldwin

Tammy Baldwin

Senator Baldwin Calls for Federal Investigations and Swift Action Regarding Hazardous Materials at Wisconsin Barrel Recycling Plants

Chemicals in barrels recycled in Wisconsin neighborhoods may have put workers, families and communities at risk

Tammy Baldwin

Baldwin, Senators Question Secretary of Defense on Reorganization of National Security Council

“We are concerned that the unprecedented elevation of a political operative to the senior leadership of the NSC may compromise the national security decision making process and put American lives at risk at home and abroad.”

Tammy Baldwin

Baldwin and Bipartisan Group of Senators Highlight Need for Quality Health Care in Rural America

More than 80 rural hospitals have closed in recent years.

Tammy Baldwin

Senators Call for Independent Prosecutor to Investigate Trump Officials’ Collusion with Russia and Apparent White House Cover-Up

Senators to Sessions: “At stake is the integrity and honesty of our most trusted public officials and the viability of our justice system”

Tammy Baldwin

U.S. Senators Tammy Baldwin and Thom Tillis Introduce Bipartisan Legislation to Support Job Creation for America’s Veterans

The BRAVE Act creates incentives for businesses to employ our veterans

Tammy Baldwin

U.S. Senator Tammy Baldwin Will Vote to Confirm David Shulkin as Secretary of Veterans Affairs

"Dr. Shulkin has the experience and qualifications to provide the leadership necessary to get the job done..."

See More Releases

Leave a Reply

Your email address will not be published. Required fields are marked *