Skip to comments.Most members of Congress keep their tax returns secret
Posted on 07/18/2012 1:56:41 PM PDT by Free ThinkerNY
WASHINGTON Rep. Nancy Pelosi was emphatic. Mitt Romneys refusal to release more than two years of his personal tax returns, she said, makes him unfit to win confirmation as a member of the presidents Cabinet, let alone to hold the high office himself.
Sen. Harry Reid went farther: Romneys refusal to make public more of his tax records makes him unfit to be a dogcatcher.
They do not, however, think that standard of transparency should apply to them. The two Democratic leaders of the Senate and the House of Representatives are among hundreds of senators and representatives from both parties who refused to release their tax records. Just 17 out of the 535 members of Congress released their most recent tax forms or provided some similar documentation of their tax liabilities in response to requests from McClatchy over the last three months. Another 19 replied that they wouldnt release the information, and the remainder never responded to the query.
The widespread secrecy in one branch of the government suggests a self-imposed double standard. Yet while American politics has come to expect candidates for the presidency to release their tax returns, the president isnt alone in having a say over the nations tax laws. Congress also stands to gain or lose by the very tax policies it enacts, and tax records more than any broad financial disclosure rules now in place offer the chance to see whether the leaders of the government stand to benefit from their own actions.
(Excerpt) Read more at mcclatchydc.com ...
Can’t allow their insider trading be made public. grrrrrr
But he could be a czar!
Such hypocrisy coming from the left. I think Romney has explained his reasoning.
Yeah, and now they have a campaign ad out saying Romney won’t release his tax returns ‘cause most likely, he hasn’t had to pay any taxes over the years. How pathetic! That anyone with a brain would even believe this horse hockey!!
You were, of course, being sarcastic, right?
Like Romney's father, George Romney, started this stuff. He revealed 12 years of his tax returns. The Bob Dole revealed something like 20 years.
It's one of the ways we find out if the guy running for President pays taxes.
Of course they hide them, otherwise it would be hard to explain how they could spend 10x more money than they make every year.
Congress is the only job I know of where people spend millions to get a job that pays thousands.
You know something’s fishy, LOL.
Not many jobs that pay $174,000/yr can make you a millionaire in 2 years.
Ask LEVIN (D) if he can release the last 10 years of his tax returns. /s =.=
It’s not really news that Pelosi and Reid are hypocrites, is it?
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