Presidents’ Tax Returns and Families’ Foreign Payments Targeted by Unlikely Duo

A bipartisan pair of influential lawmakers proposed new rules forcing presidents to make their tax returns public and mandating that family members reveal more financial information, but the measure drew opposition from the White House.

House Oversight Committee Chairman James Comer (R., Ky.) and Rep. Katie Porter, a California Democrat on the committee, introduced a bill on Wednesday that would force presidents and vice presidents to disclose their tax filings for the two years before entering the White House, for the years while in office, and for two years afterward. 

It would also compel them, along with close family members such as children, siblings and in-laws, to disclose payments from foreign entities as well as large gifts and loans from family members.