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House passes bill to require presidents to disclose their tax returns

7 comments, 178 views, posted 5:08 pm 10/03/2019 in Politics by REALITY
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House passes bill to require presidents to disclose their tax returns

The House on Friday passed legislation that would require presidents to disclose their tax returns, as Democrats have made obtaining President Trump’s tax returns one of their top priorities.

The tax return disclosure requirement was included in House Democrats’ wide-ranging election reform bill, known as H.R. 1, which passed on a party-line vote of 234-193. H.R. 1 is not expected to receive a vote in the Republican-controlled Senate.

Under the legislation, presidents, vice presidents and major-party nominees for those positions would be required to disclose 10 years of tax returns to the Federal Election Commission (FEC). That agency would then make the returns publicly available.

If a candidate or office-holder fails to disclose their returns, the FEC chairman would send a request to the Treasury secretary to obtain copies of the documents.

An amendment was added to the bill this week so that under the legislation, office-holders and candidates would be required to disclose both their personal and business tax returns.

The tax return provisions are based on legislation offered by Reps. Bill Pascrell (D-N.J.) and Anna Eshoo (D-Calif.).

Pascrell said Friday that he and Eshoo “believe that we need to write it into the record that it is demanded of everybody who runs for the presidency.”

Democrats included the tax return provisions in H.R. 1 to highlight the fact that Trump is the first president in decades to refuse to voluntarily release his tax documents. Trump has said he won't release his returns while under audit, but the IRS has said that audits don't prevent people from disclosing their own tax information.

The vote also comes as House Democrats appear to be moving toward requesting Trump’s tax returns from Treasury. Democrats want to review Trump’s returns to learn about any potential conflicts of interest, especially any entanglements with foreign governments.

House Ways and Means Committee Chairman Richard Neal (D-Mass.) has the authority under statute to request tax returns from the Treasury Department. The Ways and Means Committee could then review the returns privately and vote to send a report to the House that could make some or all of the information in the returns public.

Neal has not given a timeline for when he'll request Trump’s tax returns, but others have predicted that it will be soon.

Pascrell earlier this week predicted that Neal would make the request within the next couple of weeks. When asked Friday if Neal has given him a timetable, Pascrell said Neal hasn’t made a final decision.

Comments

3
8:30 pm 10/03/2019

griffin

Hmm, I like the idea of candidates for national office showing their tax returns, but I don't believe they should be forced.

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8:46 pm 10/03/2019

Quaektem

Hell, why stop at President? Let's give all the assholes in Washington a good colonoscopy! Tax returns, CORY checks, mental health records, academic history, birth certificates, DMV records... we need to be sure, right?

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10:25 pm 10/03/2019

Flee

I would support this if it wasn't just a tactic used to attack 1 president.

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11:55 pm 10/03/2019

MASTERV

Doesnt matter, this part is only a small piece of HR1. This will never pass the Senate that is if King McConnell even lets it be voted on.

Instead the commities will use there powers to get Trumptydumpties paperwork and leek it to the press. Much easier that way.

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3:01 am 11/03/2019

Quaektem

Quote by Flee:
I would support this if it wasn't just a tactic used to attack 1 president.



Ayup... considering the Speaker of the House won't release her's!

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4:23 am 11/03/2019

MASTERV

I agree with that.
I like the idea of a bill to require the president, Vice President, Cabinet appointees, along with the leaders of the house and senate to submit their taxes for review and I was a stand-alone bill was possible without extra bloat that will get it killed. It would have been a good idea and be fair to all present and future. But its never going to happen until both the house and senate have a super majority from the same party.

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2:52 pm 11/03/2019

Quaektem

The only thing I don't like is the power this gives to the IRS to start an audit, essentially preventing public disclosure which could disqualify anyone at all from running or serving.

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