New Yorks Senate easily approved a bill Wednesday that would allow three congressional committees to get access to President Donald Trumps state tax returns, giving Democrats a potential end-run around the administrations refusal to disclose the presidents federal returns.
The bill, which now goes to the state Assembly, doesnt target Trump by name but would authorize state tax officials to release returns filed by several state and federal officeholders if requested by the leaders of the House Ways and Means Committee, the Senate Finance Committee or the Joint Committee on Taxation. Both chambers of the state Legislature are controlled by Democrats.
The law would apply to returns filed by the U.S. president and vice president, U.S. senators, the states governor, lieutenant governor, attorney general or comptroller.
It would include filings related to personal income taxes, real estate taxes and corporate income taxes and cover up to five years of returns before the person took office.
Sen. Brad Hoylman, a Manhattan Democrat who is one of the main sponsors, said Republicans were misinformed about the issue, pointing out that current federal law already allows congressional committees to request a persons tax returns from the IRS.
The power of the Congress to see your federal taxes already exists, he said. Were not doing anything new here.
Trumps home state is New York, where many of his business enterprises are based. Financial information in state returns is likely to mirror much of what is in his federal returns.
Republicans said Democrats should be focused on lowering the states high taxes and improving the lives of New Yorkers, not going after the presidents tax returns, a move GOP senators deemed intrusive and a violation of privacy rights.
I find that extremely troubling. This is bad public policy, said John Flanagan, a Long Island Republican who leads the Senates GOP minority.
The vote fell along party lines, with 39 Democrats in the 63-seat Senate voting for the measure.
White House officials didnt respond to a request for comment.
Federal law allows Congress to demand the presidents tax returns under certain circumstances, but on Monday Treasury Secretary Steven Mnuchin declined to disclose Trumps federal returns to the Democratic-controlled House, saying the request lacks a legitimate legislative purpose.
That refusal set the stage for a possible legal battle. Any law passed in New York might also be destined for a court challenge.
The New York Times reported Tuesday that Trumps businesses lost more than $1 billion from 1985 to 1994, based on tax information the newspaper acquired. New Yorks proposed law wouldnt authorize the disclosure of Trumps returns in any of the years described in the Times report.
Previous efforts to bring the legislation to a floor vote in the Senate were blocked by Republicans, who lost control of the chamber in the November elections.
The measure, which would amend state laws prohibiting private tax information from being released, isnt scheduled for a vote yet in the Assembly, where more than 90 Democrats in the 150-seat chamber support the legislation.
The New York bill wouldnt make Trumps returns public, but Congress could potentially decide to do so.
Americans have the right to know if the president is putting his business empire, or the interests of the public, first, said Susan Lerner, executive director of Common Cause New York, a group that supports the legislation.
Gov. Andrew Cuomo, a Democrat, has said he supports legislation allowing the presidents tax returns to be made public, but only if it also applies to all state lawmakers and statewide elected officials in New York. Cuomo, now in his third term, recently released his federal and state tax returns, something he has done every year since becoming governor in 2011.
Ahead of the vote on the tax returns bill, the Senate approved legislation designed to ensure that a presidential pardon doesnt cover similar criminal charges filed at the state level. The bill was crafted to eliminate an unintended loophole in the states double jeopardy law that prosecutors say could undermine New Yorks ability to prosecute anyone pardoned by Trump.
The Assembly hasnt scheduled a vote on that bill.
(AP)
One Response
I assume the NY attorney general will launch an investigation of exactly how the NYT acquired the as of now still restricted tax returns of Donald Trump .