Dem Senator Is Getting Ready To Drop The Bomb On Trump
On Thursday, Senate Finance Committee ranking member Ron Wyden (D-Ore.) decided to reintroduce a bill that would force Donald Trump to release his tax returns to the public.
The Presidential Tax Transparency Act, which Wyden first introduced in May of 2016, would require sitting presidents and presidential nominees to publicly release their tax returns, something Trump hasn’t done despite promising to do so.
Wyden said in a statement Thursday that the legislation is necessary to “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.
“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 added.
Trump has said in the past that he won’t release his tax returns until they are audited. But the IRS itself debunked Trump’s claims by saying that an audit does not prevent someone from releasing their tax returns.
Wyden’s statement Thursday notes a New York Times story published in October that alleged Trump made millions from “dubious” tax schemes.