Tags: Donald Trump | chuck schumer | donald trump | cabinet | tax returns | release

Sen. Chuck Schumer Calls on Trump Cabinet Picks to Release Tax Returns

Image: Sen. Chuck Schumer Calls on Trump Cabinet Picks to Release Tax Returns

Sen. Chuck Schumer (AP Images)

By    |   Wednesday, 28 Dec 2016 01:59 PM

Incoming Senate Minority Leader Chuck Schumer on Wednesday called on President-elect Donald Trump's choices for Cabinet to turn over their tax returns, according to The Hill

Two have already done so — Treasury Department secretary choice Steven Mnuchin and Health and Human Services secretary choice Tom Price. They have delivered their last three years of returns to the Senate Finance Committee, The Hill's report said.

Schumer, a New York Democrat, addressed his concerns in two tweets:
 

 

Rex Tillerson, Trump's choice for secretary of state, is ExxonMobil's CEO and has business ties in Russia and other countries. The top Democrat on the Senate Foreign Relations Committee, Maryland's Ben Cardin, called on him to release his returns.

However, Republican Sen. Bob Corker of Tennessee said the committee does not traditionally seek those returns.

Democratic senators said that new rules should require Cabinet picks to release three years of tax returns, and noted that many of Trump's nominees are wealthy and may have business conflicts.

The combined wealth of seven of Trump's picks is $11 billion, according to CBS News

Trump is the first major-party presidential nominee since Gerald Ford in 1976 to refuse to release his tax returns, and Ford released summary tax data, according to TaxHistory.org

The incoming president said he would when the Internal Revenue Services finishes an audit on him, but the IRS responded that returns could still be released while people are being audited.

A rule in the IRS manual requires that the president be audited every year.

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Incoming Senate Minority Leader Chuck Schumer on Wednesday called on President-elect Donald Trump's choices for Cabinet to turn over their tax returns, according to The Hill.
chuck schumer, donald trump, cabinet, tax returns, release
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Wednesday, 28 Dec 2016 01:59 PM
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