S. 588, known as the "Presidential Audit and Tax Transparency Act," aims to ensure transparency regarding the income tax returns of Presidents and certain Presidential candidates. The bill amends the Internal Revenue Code to mandate examinations and public disclosure of...
Simple Explanation
S. 588 is about making sure that people running for or serving as President show their tax paperwork to everyone, so the public can see how much money they make and pay in taxes. This is to help ensure everything is fair, but some people worry it might reveal too much private information.