NY state on Monday cleared the way for Democrats in the US Congress to obtain President Donald Trump's state tax returns, raising the possibility of fresh avenues of inquiry for legislators investigating his finances.
The tax bill, sponsored by Assemblyman David Buchwald of Westchester, makes it easier for NY to turn over the state tax returns of certain public office-holders, along with entities those people control or have a large stake in, if requested by the leaders of the three congressional tax-writing committees.
Administration officials say Mr. Neal doesn't have a legitimate goal for requesting the documents.
New York's state legislature has had a Democratic majority in both the House and the Senate since Democrats won control of the Senate in 2018.
Despite accusations from Republican lawmakers that NY state's new law is politically motivated and unconstitutional, the bill's sponsors claim they aren't personally targeting President Trump.
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.
Trump has declined to make public his tax returns, in contrast to a number of former presidents.
Ways and Means Chairman Richard Neal, D-Massachusetts, however, has signalled that he may not be interested.
"Chairman Richard Neal should immediately request Trump's state tax returns as he is now legally entitled to do", Thomas said in a statement. Under federal law, the confidential information in the returns is supposed to be for the committee's eyes only. "For the moment, we're still proceeding on our own path". "Any further delay is an injustice to the American people who deserve transparency about Trump's foreign entanglements and massive conflicts of interest". The law, known as the TRUST Act, authorizes state officials to share tax return information of elected officials upon request from Congressional Committees.
Neal has issued subpoenas for six years of Trump's tax documents, but Treasury Secretary Steven Mnuchin has so far resisted, saying Congress' request "lacks a legitimate legislative objective".