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house Bill H.R. 950

Should the President Be Required to Publicly Disclose His Tax Return?

Argument in favor

Requiring the disclosure of a president’s federal income tax return would make the public aware of any conflict of interest and encourage presidents to divest themselves of anything that may create a conflict.

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05/24/2019
It should be a requirement for the president to turn over his tax information, it should also be a requirement for the Congress members to turn over their taxes as well. It’s called oversight
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Kodiwodi's Opinion
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05/24/2019
Holy S**t Batman! How many times and in how many ways are you going to ask this? I believe this is why we have half a dozen subpoenas out there and why New York created a new law and why the country is tearing the Constitution in half and Screaming No One is Above the Law!, and an equal number of investigations are going on. Of course we want to see them!
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Esther's Opinion
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05/24/2019
We need to see who is really running our country. We need to trust the president not have a doubts about their competence. However, my doubts have been confirmed anyways regardless if this is released or not. Impeach him already!
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Argument opposed

It’s wrong for Congress to require any individual to publicly disclose their tax return, even if they are the president or their spouse. Moreover, this is a partisan bill that the sponsor didn’t care to introduce during the current administration.

Jared's Opinion
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05/24/2019
I say no because it’s truly nobody’s business. It is the business of the IRS. That is their job. That is what they are paid to do. Any more is just grasping at straws to muddy the waters by meddling.
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Liz's Opinion
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05/24/2019
Waste of time....move on to the business that needs attention!
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SneakyPete's Opinion
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05/24/2019
For the last time NO. Democratic “Tax Returns” “Double Standard” I’d sure as heck and really would want to see New York pass a law to show me, for a start Nadlers, Waters, Cohen, Alexandria Ocasio-Cortez, Rashida Tlaib & Ilhan Omar Tax Returns, for a start. Why not..... O’Yes I forgot, they are Democrats and are above the law as were are Hillary, Obama, Schumer and Pelosi. People “Who live in Glass Houses” Shouldn’t throw stones as they mite just come back and bite them in their Behinds as “Pay-Backs” are a “Son-Of-A-Gun”. The continuing Democratic House “Investigate NOT Legislate” mentality is going to Bite Them come the 2020 Presidential and General Elections from the dog catcher to the Washington Establishment. SneakyPete..... 5.24.19......
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Oversight and Reform
    IntroducedFebruary 4th, 2019

What is House Bill H.R. 950?

This bill would require the president to publicly disclose their federal income tax return and all related attachments by making it available on the internet at providing the returns to relevant congressional committees. If a president fails to provide the required tax information or falsifies it, the Attorney General would be able to bring a civil action against them with penalty of up to $50,000. When a new president takes office, they would be required to submit their prior year’s federal income tax return within 90 days. This bill would apply to tax returns filed within three years of taking office and for each year the individual holds the presidency.

Certain redactions would be allowed, including the president’s Social Security number, taxpayer identification number, account numbers, and the name of any dependents of the president. If a president’s spouse files a joint return or a separate return, it would be subject to this legislation’s requirements.

Impact

Presidents and their spouses; Congress; and the Attorney General.

Cost of House Bill H.R. 950

A CBO cost estimate is unavailable.

More Information

In-Depth: Sponsoring Rep. David Cicilline (D-CT) reintroduced this bill from the 115th Congress to require that anyone holding the office of President of the United States make his or her tax returns available to the public

“The President’s ongoing refusal to make his tax returns public raises serious questions about his judgment. The American people have a right to know whether any president makes decisions in the public interest or for their own private financial benefit. This bill will ensure that the President of the United States is held accountable if they abuse the public trust.”

Last Congress, Rep. Cicilline introduced this bill to require President Donald Trump to release his tax returns and ensure that all future presidents to follow suit:

“Like many Americans, I am deeply concerned about what information President-elect Trump might be hiding in his tax returns... Americans should always have full confidence that the President is acting in our national interest, but President-elect Trump continues to undermine this confidence. This bill is a necessary tool to hold the President of the United States accountable and ensure he adheres to the highest ethical standards at all times."

President Trump argues that Democrats are seeking his tax returns to dig up dirt even though his finances are "very clean." He also says he'll continue to refuse to release his tax returns as long as he's under audit. In a letter to the IRS, Trump's attorney, William Consovoy, calls the Democrats' calls for Trump's tax returns "a transparent effort by one political party to harass an official from the other party because they dislike his politics and speech."

In an internal memo, the IRS' legal team concurs that the Treasury Dept. doesn't have any legal standing to reject congressional Democrats' request for Trump's tax returns. According to the Washington Post, the memo states that the law "does not allow the Secretary to exercise discretion in disclosing the information provided the statutory conditions are met.” It does not, however, rule out the White House's ability to mount an executive privilege claim.

This bill has six Democratic cosponsors in there 116th Congress. Last Congress, it had 28 Democratic cosponsors in the House and didn't receive a committee vote.


Of NoteDespite promising to release his tax returns during the 2016 campaign, President Trump has refused to make them public for the two years he has held office. Rep. Cicilline's office contends that this "has raised serious concerns about whether Trump, who has also refused to divest from his private business holdings, is making decisions in the best interests of the country." Trump is the first President since Gerald Ford to not release his tax returns for public scrutiny.


Media:

Summary by Eric Revell
(Photo Credit: Flickr user Gage Skidmore / Creative Commons)

AKA

Presidential Tax Disclosure Act of 2019

Official Title

To require the disclosure of the Federal income tax returns of the President.

    It should be a requirement for the president to turn over his tax information, it should also be a requirement for the Congress members to turn over their taxes as well. It’s called oversight
    Like (246)
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    I say no because it’s truly nobody’s business. It is the business of the IRS. That is their job. That is what they are paid to do. Any more is just grasping at straws to muddy the waters by meddling.
    Like (102)
    Follow
    Share
    Holy S**t Batman! How many times and in how many ways are you going to ask this? I believe this is why we have half a dozen subpoenas out there and why New York created a new law and why the country is tearing the Constitution in half and Screaming No One is Above the Law!, and an equal number of investigations are going on. Of course we want to see them!
    Like (114)
    Follow
    Share
    We need to see who is really running our country. We need to trust the president not have a doubts about their competence. However, my doubts have been confirmed anyways regardless if this is released or not. Impeach him already!
    Like (94)
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    ANY and ALL info. that will get this insanely corrupt madman and his equally corrupt Administration out of power should be made public.....And that includes ANY and ALL people who have signed a NDA or recieved hush money to cover up Trump's (or anyone elses ) misdeeds to come forward and go public....there must be a "cast of thousands"...he can't sue you all and your honorable acts could very well save our country.
    Like (75)
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    Application process for the Primaries should pass a full 10 year IRS, FBI & CIA Audit.
    Like (68)
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    Before Trump it was inconceivable that the American people would elect a president who did not disclose his or her tax returns. But when you have a news network, billionaire donors & an entire political party doing your bidding, it can be done. So, yes. Presidents need to disclose their taxes to the American people.
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    We need to know our President is not above the law and should be as transparent as possible in their finances.
    Like (65)
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    Waste of time....move on to the business that needs attention!
    Like (57)
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    Any POTUS for this country must not hide anything from the American people. Stop this sick man before our country suffers anymore.
    Like (52)
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    I think ALL state and federal candidates for elected office should disclose their taxes.
    Like (46)
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    For the last time NO. Democratic “Tax Returns” “Double Standard” I’d sure as heck and really would want to see New York pass a law to show me, for a start Nadlers, Waters, Cohen, Alexandria Ocasio-Cortez, Rashida Tlaib & Ilhan Omar Tax Returns, for a start. Why not..... O’Yes I forgot, they are Democrats and are above the law as were are Hillary, Obama, Schumer and Pelosi. People “Who live in Glass Houses” Shouldn’t throw stones as they mite just come back and bite them in their Behinds as “Pay-Backs” are a “Son-Of-A-Gun”. The continuing Democratic House “Investigate NOT Legislate” mentality is going to Bite Them come the 2020 Presidential and General Elections from the dog catcher to the Washington Establishment. SneakyPete..... 5.24.19......
    Like (46)
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    At the level of presidency, total transparency is necessary to ensure that the elected official meets the integrity of the office. Tax returns would allow oversight committees and third party bodies to see potential conflicts of interests, crimes, or violations.
    Like (44)
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    Let’s see where their money comes from and what investments they have.
    Like (39)
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    We need to know what he is hiding.
    Like (37)
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    Every president and presidential candidate should be required to disclose at least the previous 10 years of taxes. No exceptions.
    Like (35)
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    For the highest office of our land, we must request and review all presidential candidates tax records for any conflict of interest or illegal activities.
    Like (33)
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    Of course he should. Transparency. No more lies.
    Like (32)
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    Why should he.No one else is and let those who are demanding it show their own returns first
    Like (31)
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    This intrusion into personal lives must stop. Besides, there is no way that most citizens will be able to understand the complicated tax returns of people who own companies, do business in different states...
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