BLUMENTHAL INTRODUCES LEGISLATION IMPOSING 100 PERCENT SURTAX ON INCOME GENERATED BY COMPANIES OWNED BY PRESIDENT & OTHER CABINET OFFICIALS WHEN THEY ABUSE THEIR POWER TO BENEFIT THEMSELVES

WASHINGTON, Sept. 22 -- Sen. Richard Blumenthal issued text of the following press release:

[WASHINGTON, D.C.] - U.S. Senator Richard Blumenthal (D-CT) today introduced new legislation to impose a 100 percent surtax on income earned by a company owned or controlled by the President, Vice President, Cabinet officials, or immediate family members as a result of a favorable government action. The Anti-Corruption Tax Act is in direct response to Donald Trump and other Administration officials abusing the power of the government to help the companies they own or control make money, at the direct expense of American taxpayers.

"Donald Trump has been clear: there is no ethical line separating his role as President from his family's businesses," ...