Members of both parties express concern over unauthorized disclosure to ProPublica; IRS chief says agency is investigating
The top Senate tax writers expressed concern Tuesday about the unauthorized disclosure of taxpayer information in a ProPublica report examining more than 15 years’ worth of tax returns for the country’s wealthiest individuals, but they drew different conclusions about how the disclosure should influence their legislative efforts.
Senate Finance Chair Ron Wyden, D-Ore., said the report’s findings that America’s wealthiest billionaires paid little in income taxes underscored the need for legislation that would require them to pay their “fair share.”
But Finance ranking member Michael D. Crapo, R-Idaho, focused more on the leak of the tax returns, saying it adds to his concerns that the administration’s proposal to require banks to report more taxpayer financial information to the IRS could compromise Americans’ privacy. Continue reading.