California Senate approves bill requiring presidential candidates to submit tax returns

america

(CNN)California’s Senate approved a bill this week requiring presidential candidates to submit five years’ worth of tax returns in order to appear on the ballot, joining 18 other states in a jab at President Donald Trump’s refusal to release his tax returns.

California
The state’s Senate passed the measure by a 27-10 party line vote Thursday. The bill now goes to the state’s assembly for consideration. It’s not clear if California Gov. Gavin Newsom, a Democrat, would sign the bill into law should it make it to his desk.
Newsom spokesman Jesse Melgar told CNN, “with regard to this and all proposed legislation, should the bill reach the Governor’s Desk it would be evaluated on its own merits.”
While former California Gov. Jerry Brown vetoed similar legislation in 2017, Newsom has shown support for tax returns in his own political career, releasing his tax returns as a candidate and promising to continue releasing them every year as governor.
Democratic California state Sens. Mike McGuire and Scott Wiener, who introduced the bill, were open about their efforts to hold Trump accountable with the legislation.
“The President’s refusal to share his tax returns with the American people goes against longstanding transparency norms and undermines the trust between government and those it serves,” Wiener wrote in a statement. “We deserve to know that the President is in fact acting for the good of the people and not in his own monetary self-interest.”
McGuire added, “Voters deserve to know, for example, if the President is putting America’s security at risk through his tangled web of business dealings with corporate interests and his dealings with foreign governments and foreign banks.”
The president has faced increasing, multi-front scrutiny from congressional investigators, with Democrats taking the battle over subpoenas to Deutsche Bank and Capital One for Trump’s past financial records to court last month. But the administration has fought back, with Treasury Secretary Steven Mnuchin ignoring House Democrats’ April deadline for submitting Trump’s tax returns in favor of his department taking “final action on the Committee’s request by May 6.”
CORRECTION: This story and headline have been updated to reflect where the bill stands after the California Senate passed it.

Read more: https://www.cnn.com/2019/05/04/politics/california-senate-bill-tax-returns/index.html

Author: Moderator

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