Public Has No Right to Know for 50 Years With Senate Redo: Taxes
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Leaders of the tax-code rewrite in Congress pledged to keep ideas submitted by lawmakers secret for 50 years, seeking to assuage concerns that leaks of comments may jeopardize relationships with fundraisers or constituents.
Senate Finance Committee staff promised that submissions on which tax breaks to keep or jettison -- which are due today -- will be marked as confidential and won’t be released until Dec. 31, 2064, according to a July 19 memo to Senate tax aides obtained by Bloomberg BNA.