Dem to reintroduce presidential tax return disclosure bill

Dem to reintroduce presidential tax return disclosure bill
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Sen. Ron WydenRonald (Ron) Lee WydenTech critics on both sides have it wrong: Section 230 is not a special privilege Democrat: Treasury 'acknowledged the unprecedented process' in Trump tax return rejection Hillicon Valley: Twitter says Trump 'go back' tweet didn't violate rules | Unions back protests targeting Amazon 'Prime Day' | Mnuchin voices 'serious concerns' about Facebook crypto project | Congress mobilizes on cyber threats to electric grid MORE (D-Ore.) said on Monday that he intends to reintroduce his tax return disclosure bill next year, which would require presidents to release their returns.

“This is imperative because [Donald] Trump is the first president-elect since Watergate to refuse to release tax returns,” Wyden, the top Democrat on the Senate Finance Committee, tweeted.

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“Because of this the public knows next to nothing about Trump's investments & potential conflicts of interest,” he added in another tweet.

Wyden had introduced a bill in May that would require presidential nominees of major parties to release their three most recent years' of tax returns to the Federal Election Commission.

The senator said that his current bill still applies to president-elects and that if it is not passed before Trump’s inauguration, he would reintroduce it next year in a way that would apply to the new president.

“Senator Wyden is considering how best to update his bill to ensure it applies to a sitting president, in addition to nominees,” spokesman Ryan Carey said.

He added that Wyden is looking to figure out what the correct independent agency is to handle the disclosure of a president’s tax return. The FEC focuses on the rules of elections.

During the 2016 campaign, Democrats and some Republicans urged Trump to release his tax returns, noting that it is tradition to make them public and suggesting that he may be hiding something — such as business ties to Russia or a history of giving little to charity — by not releasing them.

Democrats have continued to express concerns about Trump’s failure to release his tax returns since the election. House Oversight Committee ranking member Elijah Cummings (D-Md.) said in a letter to the panel’s chairman last week that “Mr. Trump's unprecedented secrecy and his extensive business dealings in foreign countries raise serious questions about how he intends to avoid conflicts of interest as president.”

Trump said he wouldn’t release his tax returns until the IRS finished auditing him. The IRS has said that audits don’t preclude people from releasing their own tax information.