The New York Senate adopted a bill on Wednesday (May 8) to grant the US Congress access to Donald Trump’s state tax returns, after the US president blocked attempts by congressional committees to review his past filings.
|President Donald Trump is in a bitter standoff with US Congress over the access to his tax returns. (AFP/Brendan Smialowski)|
The bill still has to be approved by the New York State Assembly, but that body is dominated by Democrats, making its passage all but certain.
The bill – the latest round in a battle between the Republican president and the Democrat-led House of Representatives – will then have to be signed by Democratic Governor Andrew Cuomo, who has already signaled his support for the plan.
Introduced by Democratic-Senator Brad Hoylman, the bill authorises the state’s fiscal authorities to share tax declarations with three congressional committees in Washington.
In most US states, taxpayers have to submit three separate tax returns – one to the federal government, one to the state and one to the city or municipality they live in.
On Tuesday, the US Treasury refused a demand by Congress to hand over Trump’s federal tax returns, which it was demanding as part of the wide-ranging investigation into Russian interference in the 2016 US elections.
The submission of the former real-estate mogul’s New York state tax returns could offer a first, if partial, insight into the current financial situation of the president, who has declared himself to be a multi-billionaire.
Trump is the first president since the Watergate scandal in the early 1970s not to make his tax returns public.
Two years ago, the MSNBC journalist Rachel Maddow uncovered Trump’s tax filings from 2005, but nothing more recent has so far been unearthed and the president has refused to any effort to release them.
On Tuesday, the New York Times published a report that Trump declared business losses of US$1.17 billion between 1985 and 1994.
- 2020 Daily Trail Markers: Trump Victory paid Trump properties during pandemic
- The Hill's Morning Report - Presented by Facebook - Trump pivots on convention; GOP punts on virus bill
- Coronavirus live updates: California delays start of all high school sports seasons
- Coronavirus live updates: California averages a “devastating” 91 deaths a day, Newsom says
- Coronavirus live updates: 12 dead, 127 infected in outbreak at Walnut Creek nursing home:
- Coronavirus live updates: 12 dead, 127 infected in Walnut Creek nursing home outbreak
New York Senate votes to grant access to Trump"s taxes have 392 words, post on www.vir.com.vn at May 8, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.