Rep. Sander Levin, D-Mich., the ranking Democratic member of the tax-writing House Ways and Means Committee, plans to introduce legislation that would require Presidential candidates to make public 10 years of tax returns and disclose any overseas accounts.
Levin’s bill, which he said Wednesday he is preparing, comes amid mounting pressure on presumptive Republican presidential nominee Mitt Romney to release more tax returns (see Romney Pressured to Release More Tax Returns). So far, Romney has insisted he will release only his 2010 and 2011 tax returns. But several prominent Republicans, including Alabama Governor Robert Bentley and Texas Governor Rick Perry, as well as the Obama administration and Democrats, have been urging Romney to follow the lead of his father, George, who released 12 years of tax returns in 1967 when he ran unsuccessfully for the presidency.
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