Thursday, January 5, 2017

U.S. Senator Wyden Introduces Bill to Require Major Party Presidential Candidates to Release Their Tax Returns

On January 4th, U.S. Senator Ron Wyden (D-Oregon) introduced S.26, which requires Major Party Presidential candidates to file a copy with their Federal Income Tax Returns with the Federal Election Commission, and also requires sitting Presidents to release their tax returns.

“Major Party” Presidential nominees are: those whose Party received at least 25% of the vote in the previous Presidential Election.

If the candidate does not release the Tax Return, the Federal Election Commission (FEC) will then ask the Internal Revenue Service (IRS) to release it to the FEC, so that the public can see it.

Richard Winger of Ballot Access News thinks “This is a far better approach than using ballot access laws to compel release of the return.”

CLICK HERE to read the nine page (PDF) Bill and learn who is its ten co-Sponsors.

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