President Trump's personal tax records could soon be made public

New York Gov. Andrew Cuomo speaks at the Lesbian Gay Bisexual & Transgender Community Center on June 10 in New York

New York Gov. Andrew Cuomo speaks at the Lesbian Gay Bisexual & Transgender Community Center on June 10 in New York

Governor Andrew Cuomo signed an amendment to a tax law that would require the commissioner of the Department of Taxation and Finance to share state income tax returns and reports when certain congressional committees request them.

Despite the law, Neal has said he would not request the NY state returns, because his inquiry is focused on how the IRS routinely audits presidents and vice presidents.

"Tax secrecy is paramount - the exception being for bonafide investigative and law enforcement purposes", Cuomo said. And it's unclear whether Congress will request access to Trump's state returns, which tax experts say would include numerous same details as his federal return. He is the first president since Watergate to decline to make his returns public, often claiming that he would release them if he were not under audit.

Information that violates state or federal law or poses an "invasion of personal privacy", like social security numbers or personal addresses, would be redacted.

Mnuchin reiterated the Trump administration's stance that the committee's request lacks a "legitimate legislative goal".

"I don't want to head into 2020 without Americans and New Yorkers. knowing more about Trump's secret business dealings", Hoylman said.

But now, NY has given Congress a new route to #ReleaseTheReturns and get answers for the American people-all they have to do is ask.

Utilizing the NY law could complicate the battle the Democratic-led House Ways and Means Committee has already been waging in court to obtain six years of the President's personal and business federal tax returns.

Treasury Secretary Steven Mnuchin (L) speaks with Chairman of the House Ways and Means Committee, Richard Neal, prior to testifying on Capitol Hill in Washington on March 14, 2019. "Any responsible government would thoroughly review this bill, just as we will with more than 930 bills passed this session", she said.

On Twitter, Trump has expressed his doubt in the motives behind this bill and the investigations of the state's Attorney General Letitia James, saying she is "harassing all of my NY businesses in search of anything at all they can find to make me look as bad as possible". "That may cause the chairman of the Ways and Means Committee to change his mind".

Citing Section 6103 (f), the committee said it could request any tax information without disclosing why it wants the information. "Consistent with this tradition, New York State now stands ready to assist Congress, including as it challenges the Trump administration's refusal to provide the president's tax returns", said David Buchwald, a state assemblyman who spearheaded the new law.

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