Financial Holdings of Some Donald Trump Nominees Complicate Approval Process
The concentration of wealth among president-elect Donald Trump’s nominees is setting up an arduous and expensive Senate confirmation process that could slow implementation of the White House agenda.
The Republican has so far appointed five billionaires and half a dozen multimillionaires to serve in his administration. To win confirmation, they will be required to disclose their financial holdings and divest themselves of any assets that could present a potential conflict of interest with their new posts.
While the process may not hurt the nominees’ chances of winning Senate approval, it could eat time that prevents the Trump administration from hitting the ground running. For months after President Barack Obama took office in 2009, important posts in the Treasury department remained vacant—in the throes of the financial crisis—as candidates were vetted by the Senate.
Mr. Trump’s picks for his cabinet so far have a collective net worth of close to $10 billion, according to a Wall Street Journal analysis of Forbes magazine’s net-worth estimates and financial-disclosure data.
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The Senate Finance Committee, which vets nominees for three top administration jobs—Treasury and Health and Human Services secretaries and Centers for Medicare and Medicaid Services administrator—is among the few committees that require a review of nominees’ tax returns. Senate Democrats are pushing for all vetting committees to review nominees’ tax returns.
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http://www.wsj.com/articles/some-donald-trump-nominees-face-stiff-and-costly-confirmation-battles-1482753602
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Why should they disclose their tax returns? It is not as if Trump did 
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