New York might now win the race to get Trump's tax returns to House Democrats

New York Gov. Andrew Cuomo in Trump Tower — (Image credit: Dominick Reuter/AFP/Getty Images)

One of House Speaker Nancy Pelosi's (D-Calif.) arguments against opening impeachment proceedings against President Trump is that House Democrats are actually winning their oversight battles with the White House. And in fact, a second federal judge green-lighted congressional subpoenas of Trump's financial records on Wednesday, and two of Trump's lenders — Wells Fargo and TD Bank — have reportedly already handed over some financial records.

On the other hand, Trump's lawyers plan to appeal the rulings on his Deutsche Bank, Capital One, and accounting records, and Treasury Secretary Steven Mnuchin has refused to hand over Trump's tax returns, despite a law that says he "shall," a subpoena, and a memo from IRS lawyers agreeing he has little choice. New York may have just given House Democrats a workaround on Trump's tax returns, though.

On Wednesday, the New York state Assembly and Senate gave final approval to a law that would allow three congressional committees — House Ways and Means, Senate Banking, and Joint Committee on Taxation — to request the state tax returns of any elected or top appointed official. It covers both business and personal tax returns filed in the state. New York is Trump's home and the headquarters of many of his core businesses, and the information on his state returns should be very similar to what's on his federal returns.

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If Gov. Andrew Cuomo (D) signs the legislation — a spokesman said he is reviewing it carefully — it will take effect immediately. That would probably provide House Democrats their fastest path to viewing Trump's tax returns — though the law, like all the other avenues, might have to overcome a court challenge first.

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Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.