Separate tax returns of McCain's wife shouldn't be released
Filed under: Extracurriculars
The latest newsworthy item in the U.S. presidential race is the statement by Cindy McCain, wife of Republican candidate John McCain, that she will not release her personal tax returns. On Thursday's Today show (video below), she says that it's a privacy issue and she would not release her tax returns, even if her husband was elected president.
Of course, the Democrats are making a big deal about this, saying that when John Kerry was campaigning for president, his wife released her separate tax returns. So what? She made her choice, and Cindy McCain is making hers. It's suggested that John McCain is not making "full disclosure" by not releasing his wife's separate tax returns.
I say too bad. Even though he may have benefited from her family's fortune, the law doesn't say she has to release her tax returns. That is her private information and she is not the candidate. Would it make for some interesting reading? Probably. But I don't have any problem with Cindy McCain refusing to produce her tax returns. What is there really to be gained from seeing them, other than to fulfill our curiosity?
Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.
Of course, the Democrats are making a big deal about this, saying that when John Kerry was campaigning for president, his wife released her separate tax returns. So what? She made her choice, and Cindy McCain is making hers. It's suggested that John McCain is not making "full disclosure" by not releasing his wife's separate tax returns.
I say too bad. Even though he may have benefited from her family's fortune, the law doesn't say she has to release her tax returns. That is her private information and she is not the candidate. Would it make for some interesting reading? Probably. But I don't have any problem with Cindy McCain refusing to produce her tax returns. What is there really to be gained from seeing them, other than to fulfill our curiosity?
Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.
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Reader Comments (Page 1 of 1)
5-10-2008 @ 12:18AM
Russ Greene said...
Really? It's her CHOICE???? The one person who really would truly have a President (John McCain) 's ear is not required to give full disclosure????? Really?
Reply
5-10-2008 @ 9:32AM
Tracy Coenen said...
Really!
Reply
5-10-2008 @ 10:36AM
Russ Greene said...
If you do actually believe that, then you, madam, are an arse. Senator McCain already has shown weakness when it comes to sweetheart deals and passing legislation that benefits his friends and donors. He has showed poor judgement (at least) during the Keating scandal, and doesn't even abide by the campaign laws he created, And we're supposed to trust that his wife (an admitted drug abuser and un-indicted felon, not to mention she dated the Senator while he was still a married man) her financial interests and concerns AREN'T our business to know???
There's what's legal and what's right. Given the McCain's history...transparency is what's right.
Reply
5-10-2008 @ 11:30AM
John B said...
Russ...
So who are you for? With everything you just said you pretty much eliminated all 3 potential presidents from the running.... based on a private citizen.
You show me how "transparent" Clinton and Obama have been. Clinton's an indicted felon who got off on a technicality. Obama is an admitted drug user. Or the fact that both have had created more "earmarks" in 3 years than McCain has his whole career?
Your whole argument is flawed.
5-10-2008 @ 12:54PM
Russ Greene said...
I didn't say it disqualifies any of them, but that TRANSPARENCY is critical to be able to make an informed choice. Ms McCain's argument that she's not a candidate when she is clearly a part of and a spokesperson for her husband's campaign makes her personally and deeply vested interests absolutely fair game and should be disclosed. The other campaigns have let people go for the very apearance of conflicts of interest, she is fair game because she put herself there.
And without knowing her interests, how can we be sure that her husband has not done more things to 'help' his wife and friend's interests.
Also, since he directly benefits from her dealings (moreso than any other regular campaign staff member would be), we have a right to know what's driving his decisions...
Reply
5-10-2008 @ 12:56PM
Tracy Coenen said...
You don't have a right when it's his wife's private records. If you don't like it, don't vote for him, plain and simple.
5-10-2008 @ 12:58PM
Russ Greene said...
and just because his name isn't on them, how can we be sure he hasn't used his influence to get "earmarks" passed for friends/family if we don't know his family's financial interests more fully...
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5-10-2008 @ 4:03PM
Russ Greene said...
I had no intention of voting for this pandering man and his untrustworthy wife. If however, his campaign is going to question Rev Wright impact on Sen Obama, or bring up Sen Clinton's husband's difficulties, Cindy's business interests are totally fair game. He directly benefits from her business practices and prowess (and even has used her private and comapny's jets to transport him and his campaign staff around... ) So what do they expect in return? Her interests ARE his interests. Her dodging the intent of full disclosure is laughable and would any Dem trying it would be roast on Rush Limbaugh's barbeque spit...
Yes there is no "right" here, just what IS right. Similarly, there is nothing to stop every voter or honest journalist to keep asking for her (and his campaign) to release them, every day until she does or until she stops actively being a part of his campaign, and explaining that it's because she won't release them.
I had the same opinion when Sen Clinton dragged out her releasing her records as well...
Reply
5-23-2008 @ 10:34PM
Russ Greene said...
WASHINGTON (AP) - Cindy McCain, who two weeks ago said she would never make her tax returns public, revealed Friday that she had a total income of more than $6 million in 2006.
So much for never, eh? So much for a principled stand, eh? Her husband's morals are pretzel shaped too.
Of course, she dumped 'em on a Friday before a longweekend... so it would appear she's a poitically-savvy, self-admitted drug addict adulteress...
Reply