New York Gov. Andrew Cuomo signed a law today authorizing the release of state tax returns to a handful of congressional committees. This opens a new avenue for Democrats to get their hands on some of Donald Trump’s closely guarded finances
ALBANY — Gov. Andrew Cuomo signed a law Monday authorizing the release of state tax returns to a handful of congressional committees, opening a new avenue for Democrats to get their hands on some of President Donald Trump’s closely guarded finances.
“Tax secrecy is paramount — the exception being for bonafide investigative and law enforcement purposes," Cuomo said in a release. "By amending the law enforcement exception in New York State tax code to include Congressional tax-related committees, this bill gives Congress the ability to fulfill its Constitutional responsibilities, strengthen our democratic system and ensure that no one is above the law.
Proponents of the new law argue that because Trump has been a lifelong New Yorker, his state return would largely mirror the federal tax documents he has thus far shielded from public view. The law excludes information directly shared by the IRS on state forms, such as itemized income, to comply with federal confidentiality rules as well as other privacy protections for social security numbers and a person’s home address.
“This is a momentous step in upholding the principle that top elected officials have a responsibility to be more transparent and accountable,” Assemblyman David Buchwald , a tax attorney who
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The New York Times' Rukmini Callimachi on DMing Terrorists and Reporting While PregnantRukmini Callimachi's episode of 'The Weekly,' a documentary-style series from The New York Times, is now available on Hulu. The segment, filmed while Callimachi was five months pregnant, follows her trip to Tajikistan to meet with a foreign fighter for ISIS named Hussein Abdusamadov.
Read more »
NY Gov. Cuomo signs bill allowing Congress to access Trump's state tax returnsJUST IN: New York governor signs a bill that would allow certain members of the US Congress to have access to President Trump's state tax returns.
Read more »
Gov. Andrew Cuomo Signs Bill Allowing Release Of Trump's State Tax ReturnsIt&39;s unclear when, or if, the required congressional committees will request the documents.
Read more »
New York Enacts Law Allowing Release of Trump’s State Tax Returns to CongressGovernor Andrew Cuomo approved bills allowing New York to release President Trump’s state tax returns if requested by certain congressional committees
Read more »