State Sen. Mike McGuire’s bill requiring presidential candidates to release five years of tax returns in order to qualify for the California primary election ballot — one of about 30 similar measures pending before state legislatures nationwide — is due for a Senate vote this week.
McGuire, D-Healdsburg, said his bill is aimed at President Donald Trump’s refusal to release tax returns for his years as a billionaire real estate mogul, a dispute compounded by the controversy over his campaign’s potential ties to Russia.
As that scandal continues to grow, McGuire said in a statement, “we still don’t know the full extent of his dealings and the serious conflicts of interest they continue to generate.”
McGuire’s bill, the Presidential Tax Transparency & Accountability Act (SB 149), says Trump’s tax secrecy “departed from decades of established political tradition, denying voters the opportunity to fully evaluate his fitness for the office of President of the United States.”
Every president since Jimmy Carter has voluntarily released at least three years of tax returns, according to the Tax History Project. Democratic candidates Hillary Clinton and Bernie Sanders, along with Republicans Jeb Bush, Ted Cruz, Carly Fiorina, John Kasich and Marco Rubio, released returns during the 2016 presidential campaign.
Trump released two pages of his 2005 tax return in March, indicating he paid $38 million in federal income tax on more than $150 million in income. The disclosure came only after a cable television news show…
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