NYS bill to require President Trump to release his state tax returns; lawmakers react

In this March 31, 2017, photo, President Donald Trump listens during a meeting with the National Association of Manufacturers in the Roosevelt Room of the White House in Washington. Slim majorities of Americans favor independent investigations into Trump’s relationship with the Russian government and possible attempts by Russia to influence last year’s election according to a new poll by The Associated Press-NORC Center for Public Affairs Research. (AP Photo/Evan Vucci)

ALBANY, N.Y. (NEWS10)  –  New York Democrats may have found a way to get President Trump to release his tax records, as a part of a new proposed bill.

President Trump has been in office for more than 100 days, but as many citizens know, has yet to release his tax returns.

“I think 40 years is a pretty good precedent that shouldn’t be broken,” State Assemblywoman Patricia Fahy said.

Unlike past presidents, Donald Trump still hasn’t released his tax returns. That’s a problem for the Democrat Assemblywoman, especially after the President announced a tax cut proposal.

“How can you talk about major tax reform and not let the American voters know how you stand to benefit?” Fahy said.

Well this could change in the near future, as Fahy is co-sponsoring a bill that would require the state to release five years of state tax information for any President, Vice President or state official who files a New York return.

State Republican Assemblyman Steven McLaughlin said this bill this is a waste of time.

“It’s a bill that’s just designed to do what, stomp their feet, yell and scream a little bit,” McLaughlin said.

He feels lawmakers have more important issues to work on.

“Focusing on making New York a better place to live, a better place to do business, but instead, we have what amounts to really just another democrat temper tantrum,” McLaughlin said.

President Trump’s state return wouldn’t include information from his federal return, but Fahy believes it could reveal how his proposal would impact his finances.

“Not to know how our own sitting president might benefit to the tune of millions in millions is I think extraordinarily troubling,” Fahy said.

McLaughlin though doesn’t feel the bill will get any traction.

“When we break session in June, this will be a non-issue and it will not become law,” McLaughlin said.

So far there have been no hearings on the bill, but if it gets passed, the President would have to release his state returns within 30 days.

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