Politics Wires

Most members of Congress keep their tax returns secret

 

McClatchy Newspapers

Most lawmakers, however, chose to keep their tax liabilities a secret.

“First your publishers and editors and execs should publish their tax returns. They have great influence over public policy,” Rep. Gary Ackerman, D-N.Y., said in an emailed response. Ackerman, who was dogged in 2010 by allegations of a sweetheart stock purchase, isn’t seeking re-election, so his term ends in January.

“Are you guys asking the president to turn over his college records? Or asking him to turn anything over of any kind?” responded Allen Klump, the communications director for Rep. Jeff Duncan, R-S.C.

“Thanks, but we will not give you Sen. Rockefeller’s tax return. Good luck on the project,” said Vincent Morris, a spokesman for Sen. Jay Rockefeller, D-W.Va., whose family surname is synonymous with wealth.

Several lawmakers said they’d disclose what’s required and no more.

Rep. Renee Ellmers “files a financial disclosure form each year in accordance with House ethics rules and this is publicly available,” said Tom Doheny, a spokesman for the North Carolina Republican.

Rep. Joe Wilson “has submitted a financial disclosure form, which is required by law and available to constituents as a matter of public record,” said Caroline Delleney, a spokeswoman for the South Carolina Republican.

Constituents generally know where their particular lawmakers stand on the issue of the expiring tax cuts because the two major political parties have well-defined views. But there’s more at stake than just tax brackets, and voters often have little feel for whether their members of Congress would benefit or be harmed by changes that are under consideration.

From the financial disclosure forms, constituents can, with some work, surmise how lawmakers’ investment income might be taxed under competing plans. Given their salaries, lawmakers would fall into the higher tax bracket for dividends, but it’s unclear where they’d fall individually on the income scale.

“There are clearly some people above (the $250,000 threshold). There’s a bunch of people who might or might not be affected, and you can’t tell,” said Roberton Williams, a senior fellow at the Tax Policy Center, which is run by the Brookings Institution and the centrist Urban Institute.

Tax data isn’t always a panacea, however.

Missouri Democrat McCaskill was one of the few senators who provided McClatchy with a tax return. Her 1040 form lists her as married filing separately, showing an adjusted gross income of $193,384.

But her husband, Joe Shepard, is a wealthy businessman whose investments sometimes have put her in an unpleasant spotlight. His investment in a reinsurance company in Bermuda – the same country in which a Romney investment has been criticized by Democrats – brought allegations from Republicans in 2009 of tax dodging. Shepard no longer hold the investment.

McCaskill does report dozens of her husband's investments in her annual financial disclosure statement, with more detail than required. But each still is listed only under ranges of values, not precise amounts.

That’s another reason advocacy groups think that financial-disclosure reporting should be expanded to capture spousal income more fully, and argue that tax data would be a useful, albeit imperfect, tool.

“As public officials, potential conflicts of interest caused by their wealth and assets are a public concern,” said Holman, the Public Citizen lobbyist.

Kaz Komolafe and Farah Mohamed contributed to this article.

Email: khall@mcclatchydc.com, dlightman@mcclatchydc.com; Twitter: @KevinGHall, @LightmanDavid

Read more Politics Wires stories from the Miami Herald

  •  

President Barack Obama speaks during a Democratic Senatorial Campaign Committee (DSCC) event at the Arthur M. Blank Family Foundation, Sunday, May 19, 2013, in Atlanta.

    GOP ponders how to capitalize on Obama's woes

    The scandals dogging President Barack Obama are a political gift to Republicans, who could use some good luck after recent election losses. It's not clear, however, how Republicans can best capitalize on Democrats' woes, legislatively or politically.

  •  

FILE – In this May 17, 2013 file photo Justin Binik-Thomas, a former Cincinnati Tea Party spokesman and owner of Conservative Media Group of Deer Park, Ohio, speaks in the hearing room on Capitol Hill in Washington, during a break in the hearing about the extra scrutiny the Internal Revenue Service gave Tea Party and other conservative groups that applied for tax-exempt status. Shouts of vindication from around the country suggest tea party movement's leaders think it is getting its groove back. They say the IRS acknowledgement that it had targeted their groups for extra scrutiny is helping pump new energy into the coalition.

    Tea party looks to take advantage of moment

    Is the tea party getting its groove back? Shouts of vindication from around the country suggest the movement's leaders certainly think so.

  •  

In this Sunday, May 19, 2013, photo provided by CBS News, Gary Pruitt, the President and CEO of the Associated Press, discusses the leak investigation that led to his reporters' phone records being subpoenaed by the Justice Department on CBS's "Face the Nation" in Washington. Pruitt says DoJ's seizure of AP journalists' phone records was "unconstitutional", and that the secret subpoena of reporters' phone records has made sources less willing to talk to AP journalists.

    AP CEO calls records seizure unconstitutional

    The president and chief executive officer of The Associated Press on Sunday called the government's secret seizure of two months of reporters' phone records "unconstitutional" and said the news cooperative had not ruled out legal action against the Justice Department.

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Videos

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category