Sen. McGuire's Presidential Tax Transparency Bill passes in the Senate
SACRAMENTO - The Presidential Tax Transparency Bill passed in the Senate Friday night, according to Senator Mike McGuire.
Sen. McGuire said that his and Scott Wiener's Senate Bill 149 would require all presidential primary candidates to release five years of tax returns before they're placed on the California ballot. McGuire said it passed 27 to 11.
"Making your tax returns public is a pretty low-threshold to meet," Senator Mcguire said. "For decades, every President has put their personal beliefs aside and put our country first and released their returns, allowing voters to go to the polls with the information they need to make an informed choice. The American people shouldn't be in the dark about their president's financial entanglements. SB 149 helps to reestablish desperately needed transparency in the White House."
Governor Brown has until Oct. 15 to sign the bill.
SB 149 passed the State Senate Friday night with an overwhelming vote of 27 to 11.