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2 Big Decisions Don't Go Trump's Way

His tax returns, financial records may be closer to the light of day
By Newser Editors and Wire Services
Posted May 22, 2019 5:34 PM CDT
Assembly Speaker Carl Heastie, D-Bronx, left, walks on the Assembly floor as Assemblyman Andy Goodell, R-Jamestown, right, speaks to members of the New York state Assembly at the state Capitol Wednesday,...   (AP Photo/Hans Pennink)
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(Newser) – New York lawmakers gave final passage to legislation Wednesday that would allow President Donald Trump's state tax returns to be released to congressional committees that have, so far, been barred from getting the president's federal filings, the AP reports. The Democrat-led Senate and Assembly both approved the measures Wednesday, sending them to Gov. Andrew Cuomo, a Democrat. A spokesman has said the governor supports the principle behind the legislation but will review the bill carefully before deciding whether to sign it. The legislation doesn't target Trump by name, but it would allow the leaders of the US House Ways and Means Committee, the Senate Finance Committee, or the Joint Committee on Taxation to get access to any New York state tax returns filed by elected officials and top appointed officials. In related news:

  • A New York judge refused Wednesday to block congressional subpoenas seeking financial records from two banks that did business with President Donald Trump, making it clear it wasn't a close call, per the AP. US District Judge Edgardo Ramos said in a ruling delivered from the bench that Trump and his company were "highly unlikely" to succeed in a lawsuit arguing that the subpoenas seeking records from Deutsche Bank and Capital One were unlawful and unconstitutional.
  • Five search warrant applications, from the early stages of special counsel Robert Mueller's Russia investigation in 2017, were made public in response to requests from media organizations. The documents shed further light on how former Trump attorney Michael Cohen capitalized financially on his closeness to Trump immediately after the 2016 election. See more at the AP.
(Meanwhile, one of Trump's sons is reportedly following in his footsteps.)

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