Sen. Jeff Flake: GOP wants to put Trump’s name on $5M deal

Arizona Sen. John McCain said Monday that he and other Republicans are trying to force President Donald Trump to release his tax returns to make it easier for Republicans to identify potential conflicts of interest.

McCain, a Republican, told reporters that the Republican-led Senate Finance Committee is holding a hearing on the proposed Trump-Kaine deal to raise $5 million from investors.

The proposal calls for Trump to sell shares in a privately held company, which could generate a tax loss of as much as $500 million.

Trump has repeatedly denied any wrongdoing, but McCain said he and his fellow Republicans are concerned about how the president would be able to shield his assets if he sold the shares.

The senators want to make sure the Trump White House is transparent about the sale.

The White House has refused to release tax returns from Trump, who is currently under audit for alleged misusing his charity to avoid paying federal income taxes.

The Associated Press