New York State Gov. Andrew M. Cuomo Signs the “Trust Act” That Permits the Release of President Trump’s Tax Returns
By HEZI ARIS

eHezi Archives, Business, Campaign Trail, Finance, Governance 11 Comments

New York State Governor Andrew M. Cuomo.

ALBANY,NY — July 8, 2019 — Talk, talk, and more talk; but little else. The battle royale continued to rage. It took over 2 ½ years. The time has come. As of today, Monday, July 8, 2019, those who would thwart President Donald Trump from having his tax returns publicly revealed were dealing with a determined Governor Cuomo who has shown no timidity in challenging President Trump from denying public access to those returns.

The “Trust Act” signed by Gov. Cuomo authorizes New York State tax authorities to release the documents  with but one caveat. That is, that a Congressional Committee must request the documents for “legitimate legislative purpose.”

“Tax secrecy is paramount — the exception being for bonafide investigative and law enforcement purposes,” Cuomo said. “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.”

New York State Department of Taxation and Finance Commissioner Michael Schmidt.

Now signed, the “Trust Act” directs Michael Schmidt, Commissioner of the New York State Department of Taxation and Finance to share state income tax returns and reports upon the written request of the Chairperson of the U.S. House Ways & Means Committee, the U.S. Senate Finance Committee, or the Joint Committee on Taxation. 

The request made of Commissioner Schmidt must be accompanied by certification that the tax returns / reports have been requested for a specified and legitimate legislative purpose. Commissioner Schmidt must also redact any and all information that would violate state or federal laws or be invasive of Pres. Trump’s personal privacy.

Treasury Secretary Steven Mnuchin denied the House Ways and Means committee in May 2019 torelease six years of Trump’s Federal Tax return. Mnuchin asserted his the committee making a request for the information did not have legitimate legislative rationale to make the request of the  Internal Revenue Service.

“This bill gives Congress the ability to fulfill its constitutional responsibilities, strengthen our democratic system and ensure that no one is above the law,” said Gov. Cuomo.

Trump’s attorney Jay Sekulow decried the law as an example of “more presidential harassment.”

Sekulow advised “We will respond to this as appropriate.”

 

eHeziNew York State Gov. Andrew M. Cuomo Signs the “Trust Act” That Permits the Release of President Trump’s Tax Returns
By HEZI ARIS

Comments 11

  1. Mayor Spano is no better, but instead of giving away everything to illegals he just uses the city as a dumping ground for his unemployable nephews and nieces. They think because some carry a different last name that they can put them anywhere in the payroll! Can’t wait to see who he sticks in the police Dept to make up for hiring his burglar nephew Anthony! Maybe Keith got himself another bonus ?

  2. What a waste of tax payer money! Albany can’t pass a meaningful bill however Cuomo has time for this bs!!! Politics as usual in Albany!

  3. Trump is the only President since mid 20th century to refuse to release his tax returns. Now we will see what he is hiding, how much charity he gives, how much in state taxes he actually paid, and what the sources of his income are. Trump has been operating a criminal enterprise virtually all his adult life. He and his family have avoided the rules and avoided the law and now the chickens are coming home to roost. We need to see his relationship to Deutsche Bank which funneled funds presumably from the Russian Oligarchs who used the bank to launder dirty money, to the Trump organization. Do we really want someone in the oval office who owes his allegiance to foreign money lenders particularly from Russia. Do we want a President who without the active help of the Russian GRU and IRA would not have been elected. And that is not a left wing meme. It is mathmatically provable. (see the Mueller report and see Cyber war by Katherine Hill Jamieson)

  4. I can’t stand Cuomo. He is trying to ruin President Trump any way he can. He wants to kill babies, let illegals into our country, let prisoners out that are lawless. He is a far left Democrat, and it scares me to death to see him continue to be voted in. Of course it’s not upstate NY that votes for him, only NYC where he only works for them.😡😡😡

  5. What a hypocrite Cuomo is! He’s the one that should be investigated! If you look up corrupt in the dictionary, his picture is right next to it! He just hasn’t got caught yet!

    1. Thanks Gov you can visit PR 4 times, Israel 3 times, Cuba 1 time and fly to California to see your Hollywood liberal donors but going into your 9th yr as NYS Gov you have yet to visit 3 upstate counties and you have visited 10 other NY counties only 1 time in 9 yrs-Gov Cuomo you are nothing more than a piece of shit . Gov by the way when you went to Cuba did you ask that Ms Shakur be returned to New York where she escaped from prison many years ago.

  6. Great going dumb progressive psycho dems….cant wait until 2020 when he wins re-election. NY is screwed because of you. The SALT deduction elimination was just the beginning. Scorched earth coming- danger close. LOL

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