The New York State Assembly passed a bill Wednesday that would allow Congress to get President Donald Trump’s state tax returns.
The Assembly voted 84-53 to require New York’s tax commissioner to release any state tax return requested by the Joint Committee on Taxation, the Senate Finance Committee and the House Ways and Means Committee for any “specified and legitimate legislative purpose.”
“Transparency is essential, especially when it comes to the conflicts or potential conflicts of those who craft public policy,” Assemblyman David Buchwald (D), the bill’s sponsor, said during the floor vote, according to Bloomberg.
The Assembly also voted Wednesday 85-49 on an amendment to the bill directing the New York Tax Department to give Congress state tax returns specifically for elected officials. The original bill would have let Congress request any New York resident’s state tax returns.
Mnuchin is not yet complying with the Democrats’ request for Trump’s tax return partially because he does not see “the legitimacy of the asserted legislative purpose.”
The history of the provision shows, however, that Congress enacted this measure to enable investigations into private individuals and the highest-ranking government officials to ensure that they are not getting favorable treatment or evading their taxes.
Maryanne Trump Barry, the president’s sister, resigned her seat as a federal appeals court judge on Thursday to avoid an investigation into her ― and her brother’s ― alleged tax fraud.
The Murdoch Party in America shows their true colours (ODT)
After new polling was released showing the overwhelming popularity of raising taxes on millionaires and billionaires, Fox News and Fox Business figures blasted voters as “brainwashed” and ignorant and even claimed that some taxes on the wealthy are “anti-human.”
A Fox News poll released at the end of January showed that a vast majority of registered voters — 70 percent in total — support raising income taxes on families making more than $10 million per year, and 65 percent support raising income taxes on those making more than $1 million per year. A Morning Consult/Politico poll released on Monday showed 61 percent of registered voters favor a wealth tax on households worth more than $50 million. Two other recent polls also found majority support for increasing taxes on the rich. But Fox hosts and guests decried these proposals as “one big giant con” amounting to a “war on the wealthy.”
it’s literally just a giant giveaway to millionaires, billionaires, and wealthy corporations. The non-partisan Tax Policy Center estimates that 80 percent of the benefits in the new plan will go to the richest 1 percent, while nearly one in three working families would end up paying more.
How the worm – and the world – turns. When the Abbott government came to power just four years ago, it claimed its arrival signalled the “end of the age of entitlement”. Don’t laugh, it’s happening – but in the opposite way to what treasurer Joe Hockey had in mind.
How about Rt-Wing Commentators at News Corp for whom reason has been Jettisoned. Andrew Bouldn’t bother to listen to this. ( Old Dog)
Essential finds only 12 per cent of respondents (including 14 per cent of Coalition voters) are “bothered a lot” by “the feeling that some poor people don’t pay their fair share”, whereas 53 per cent (40 per cent of Coalition voters) are bothered a lot by “the feeling that some wealthy people don’t pay their fair share”.
At last, novel solutions are entering politics! Mike Dowson considers the “Buffet Rule”, for catching wealthy tax-evaders.
(ZEROHEDGE) Back in September 2012 we first presented “the world’s biggest hedge fund nobody had ever heard of”: a small, previously unknown company called Braeburn Capital which, however, managed more cash than even Ray Dalio’s Bridgewater, the world’s largest hedge fund. How had the little …
“If your against me your against Team Australia, Shorten”
Mathias Cormann ‘not ruling out’ increasing taxes to fund national security boost, Iraq campaign
Finance Minister Mathias Cormann says he will not rule out raising taxes to help pay for Australia’s mission in Iraq and a recent funding boost to national security agencies.