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
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.”
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.
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