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Clintons' Tax Returns Would Cast a Wider Light
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hillarynews
Joined: 24 Jan 2007
Posts: 2255
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 Posted: Sun Feb 24, 2008 8:00 am Post subject: Clintons' Tax Returns Would Cast a Wider Light |
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 Clintons' Tax Returns Would Cast a Wider Light
By JOHN R. EMSHWILLER and JAMES BANDLERHillary Clinton has resisted calls from Barack Obama to follow him in releasing personal tax returns, arguing that Senate and presidential disclosure rules already have required her to make public large amounts of personal financial information.
Category: Commentary
By JOHN R. EMSHWILLER and JAMES BANDLERHillary Clinton has resisted calls from Barack Obama to follow him in releasing personal tax returns, arguing that Senate and presidential disclosure rules already have required her to make public large amounts of personal financial information.But the New York senator's tax returns likely would provide information not available in those filings. The returns probably would show at least some of the hundreds of thousands of dollars of income earned in recent years by Bill Clinton that isn't required to be reported on Mrs. Clinton's political disclosure forms. The 1040 form also would show how much taxes the Clintons pay annually and whether they are paying at the standard rate or have used various deductions and shelters to lower their Internal Revenue Service bill.Howard Wolfson, a spokesman for Mrs. Clinton, said she has committed to releasing her tax information if she does become the Democratic Party's presidential nominee. Calling for release of the tax returns now "is an attempt to create an issue where there isn't one," he said. Mr. Wolfson also said the couple take "traditional" tax deductions but didn't elaborate.While parties' nominees traditionally release their tax returns, Mr. Obama's disclosure during the primary season is unusual. Mr. Obama released his 2006 tax returns last April. They showed that he and his wife, Michelle, had income of $991,296 in 2006, down from $1.6 million the previous year.Mrs. Clinton faced pressure to release her returns earlier this month, after announcing that she had lent her campaign $5 million. "I think the American people deserve to know where you get your income from," Sen. Obama told reporters at the time. "I've disclosed my income-tax returns...I think we set the bar in terms of transparency and disclosure."
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Source: The Hillary Project
Description: reporting the news about Hillary that the media refuses to |
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