Democrats apply legislative pressure on Mitt Romney to release more tax returns
By Rosalind S. Helderman
Congressional Democrats are using the legislative process to pressure Republican presidential candidate Mitt Romney to release more tax returns and information about his investments in offshore accounts.
Sen. Carl Levin (D-Mich.) (Bloomberg)
The push on the Hill represented a full scale legislative assault on Romney over the tax issue, as Democrats sense they may be getting traction over Romney’s refusal to release more than two years of tax information.
In the House, Rep. Sander Levin (D-Mich.) is proposing legislation that would require presidential candidates to release 10 years worth of tax returns and disclose any overseas investments.
And in the Senate, Sen. Dick Durbin (D-Ill.) and Sen. Carl Levin (D-Mich) are proposing beefing up financial disclosure forms for all candidates for federal office to require disclosure of overseas investments, including Swiss bank accounts.
The House bill would also require new disclosure of off-shore investments but specifically targeted the tax return issue. Rep. Sander Levin said Romney should “set the example” for future candidates and release his returns. But then he said the law must be changed so release of tax information is not at the discretion of candidates.
more: http://www.washingtonpost.com/blogs/2chambers/post/democrats-apply-legislative-pressure-on-mitt-romney-to-release-more-tax-returns/2012/07/18/gJQAR5HttW_blog.html
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