U.S. Congress tax panel chief backs requiring presidents to make tax returns public By Reuters
Politics 8 minutes ago (Dec 01, 2022 07:15PM ET)
(C) Reuters. FILE PHOTO: House Ways and Means Committee Chairman Richard Neal discusses his request to IRS Commissioner Charles Rettig for copies of President Donald Trump’s tax returns as he talks to reporters at the U.S. Capitol in Washington, U.S., April 4, 2019. R
By Richard Cowan
WASHINGTON (Reuters) – The chairman of the U.S. Congress committee that has been given access to Donald Trump’s tax returns on Thursday said he supported legislation requiring future presidents to make such information public.
“I think it would be fair to say that it would be a good idea for presidents down the road to be required to release their tax returns,” House of Representatives Ways and Means Committee Chairman Richard Neal told reporters.
Neal added that he did not know whether U.S. presidential candidates should be included in such a requirement.
Former President Trump, unlike his predecessors over the past several decades, has refused to voluntarily make his tax filings public, saying that they were under audit by the Internal Revenue Service.
Neal spoke to reporters following a closed-door meeting with committee Democrats to review the complex legal and confidentiality constraints on the committee as it reviews and processes Trump’s tax returns and those of his businesses spanning 2015 to 2020. The panel wants to review the auditing process of those documents.
Neal used his comments to reporters to dispute a “false” suggestion that Democrats on the panel on Thursday were meeting to review the Trump tax returns.
The U.S. Supreme Court on Nov. 22 cleared the release of those returns to Neal’s committee, which has sought them for nearly four years.
With the start of a new Congress on Jan. 3, which will usher in Republican control of the House, Neal’s panel does not have much time left to finish its work and make decisions on any formal committee response to the information it might glean from the Trump documents.
But the Democratic chairman added: “I intend to stick with this to see this through.”
U.S. Congress tax panel chief backs requiring presidents to make tax returns public
(C) 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.