Text Size
Login
config

Biss presidential tax return disclosure bill advances in Senate

biss 031517 2SPRINGFIELD – Presidential candidates would have to release five years’ worth of income tax returns before they could appear on the ballot in Illinois under a measure sponsored by Senator Daniel Biss than advanced out of a Senate committee on Wednesday.

Senate Bill 982 also would apply to candidates for vice president. Under the legislation, candidates who don’t comply at least five days before certification of the ballot for the general election would not appear on the ballot.

“Unfortunately, right now as a nation we are learning what happens when we elect a president without demanding to know more about his or her business entanglements,” said Biss, an Evanston Democrat. “This legislation would enable Illinois voters to have better information about the financial interests of presidential and vice presidential candidates so they may make the best possible decisions at the polls.”

Federal law requires presidential candidates to complete financial disclosure forms that include information about income, property, liabilities, investments and certain financial interests of family members, but candidates are not required to release tax returns. Until 2016, major-party candidates for president voluntarily had released their returns since the Ford administration in an effort to appear transparent with voters.

Biss said the goal of the legislation isn’t to determine if a candidate is qualified to run for office; the goal is to ensure voters are able to make informed decisions.

“This is not about red states or blue states. I think Democrats and Republicans alike would agree that this kind of transparency is in the public’s best interest,” Biss said.

The measure passed 9-4 in the Senate’s Executive Committee Wednesday.

Sign up for The Majority Report HERE

News Releases

IMAGE Holmes passes proposal to study broadband access
Tuesday, 22 May 2018
SPRINGFIELD – State Senator Linda Holmes (D-Aurora) passed a proposal through the Illinois Senate to create the Broadband Advisory Council to...

Read More...
IMAGE Koehler passes measure to redevelop former Hanna City Work Camp
Wednesday, 16 May 2018
SPRINGFIELD – The Illinois Senate passed legislation today allowing Peoria County to redevelop the site of the former Hanna City Work Camp for...

Read More...
IMAGE Stadelman backs proposal to prevent prescription price gouging
Wednesday, 16 May 2018
SPRINGFIELD – To help combat recent reports of drug price gouging in Rockford, State Senator Steve Stadelman (D-Rockford) today voiced support...

Read More...
IMAGE Bush: It’s time to crack down on prescription drug price gouging
Wednesday, 16 May 2018
SPRINGFIELD – State Senator Melinda Bush called for an end to price-gouging tactics used by pharmaceutical companies during a press conference...

Read More...
Biss reacts to gun dealer licensing compromise
Wednesday, 16 May 2018
SPRINGFIELD – Following the Illinois Senate’s passage of a compromise on gun dealer licensing, Senator Daniel Biss issued the following...

Read More...

Follow ILSenDems

Facebook Instagram Twitter YouTube