ST. PAUL, Minn – Senator Dan Schoen (DFL- Cottage Grove) will introduce legislation on Thursday, Jan. 26 to require presidential and vice presidential candidates to release five years of tax returns 11 weeks prior to the General Election or not be placed on the ballot in Minnesota. The bill, titled Tax Returns Uniformly Made Public Act” would ensure greater transparency in national elections.
“This is about transparency,” said Senator Schoen. “It is important we understand the financial affairs of those that hope to lead our country. If foreign actors, such as governments or business interests, have anything that can be leverage on an American President, it could have detrimental effects on both their decision-making process and the American people’s interests. This isn’t about partisan politics. All candidates, regardless of party affiliation, should honor what has until now been an unwritten fiduciary responsibility to disclose what business interests they have. I hope to work with Republicans who share my concerns about transparency to move this important legislation forward.”