Trump’s Taxes Are Fair Game. Just Ask Warren Harding.Roundup
tags: taxes, Warren Harding, Trump, Teapot Dome
Stephen Mihm is a Bloomberg Opinion Columnist.
If Democrats in Congress succeed in their quest to get Donald Trump to cough up his tax returns, they’ll have another Republican president to thank: Warren G. Harding.
A century ago, the Teapot Dome corruption scandal engulfed Harding’s administration, spurring Congress to pass legislation that finally reclaimed its right to review private tax returns. It was a solid law, and remains so today: The legislative branch has the power to tax and spend, and the review of personal tax returns falls well within its rights and obligations.
The battle over the privacy of returns is as old as the income tax itself. The nation’s first such levy originated during the Civil War, and anyone could get the information. In fact, newspapers regularly published the amounts paid by the wealthy — a radical form of transparency that critics said went too far.
Congress prohibited the practice in 1870, and the income tax itself was rolled back not long afterward. In 1894, as part of a drive to reinstate the tax, Congress made the unauthorized disclosure of tax returns a misdemeanor, further strengthening privacy protections. But the Supreme Court soon ruled the tax unconstitutional, making the point moot.
comments powered by Disqus
- The Latest SCOTUS Case to Privilege Religion Over Civil Society
- A Look Back at the 747 as Boeing Delivers Last Jumbo Jet
- The Tradition of Overambitious Public Works in Mexico
- Dutch Villagers Find Hunt for Nazi Treasure Less and Less Charming With Passage of Time
- Review: New Book Worships the False Idol of the Responsible Corporation
- Zachary Shore: the Struggle Between Vengeance and Virtue in WWII
- Julia Schleck on The Function of the University Today
- The Bitter, Contested History of Globalization
- Prof. Hasan Kwame Jeffries on Consulting for Hip Hop at 50 Documentary
- Glenda Gilmore's Bio Shows Artist Romare Bearden Reckoning with the South