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Congressional Insiders: Thanks, But No Thanks on Releasing Their Tax Returns Congressional Insiders: Thanks, But No Thanks on Releasing Their ... Congressional Insiders: Thanks, But No Thanks on Releasing Their Tax R... Congressional Insiders: T...

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Politics

Congressional Insiders: Thanks, But No Thanks on Releasing Their Tax Returns

July 26, 2012

"Members of Congress already have little financial privacy and spend a disproportionate amount of time trying to comply with vague and voluminous ethics requirements," said one Republican. "All this would do is increase the amount of [opposition] research in the world. Not a step forward for democracy."

Chimed in a Democrat: "I think we have gone too far. I shudder to think what America would be like if we had disqualified Roosevelt, Washington, Lyndon Johnson and John Kennedy -- they certainly would not have released their personal information."

Several Democrats agreed with Pelosi. "Only when or if we run for president," one said.

Not everyone agreed. "Members of Congress are the ones who actually write and vote on tax law, they should release their tax returns," said a Democrat in favor of releasing returns.

Republicans mostly view the tax-releasing debate as a distraction and that current disclosure forms, which report income in broad categories, are sufficient.

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