NY TRUTH Act would require candidates to release tax returns

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There's a renewed push to pass a bill that would require the disclosure of tax returns by candidates in federal and statewide elections, including President Donald Trump.

The New York TRUTH Act would require the New York State Department of Taxation and Finance to release the state income tax returns of public officials elected statewide. Assemblyman David Buchwald says this applies to officials like the governor, state attorney general and President Trump, since he is from New York.

"We're very much believers that transparency is important and showing that our state's top leaders comply with our tax laws and unearth any conflict of interests those tax returns reveal is an important principal," says Assemblyman David Buchwald.

The same bill, first introduced in 2017, failed to make it out of the Senate.

In response to the TRUTH Act proposal, a spokeswoman for the state Republican Committee issued a statement, saying, in part: "Albany Democrats should stop focusing on trying to play national politics to score cheap headlines."

Buchwald says they have nearly enough co-sponsors for this bill to pass both houses and make it to Gov. Cuomo's desk.

A spokesperson for the governor says they will review it, but didn't give any indication whether he would sign it.

New York lawmakers aren't alone in their efforts. Just two days ago, New Jersey's Democratic-led Senate passed legislation that would keep President Trump off the ballot in the state in 2020 unless he discloses his tax returns.

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