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New York state lawmakers announce vote on legislation allowing release of Trump tax returns

 New York state lawmakers announce vote on legislation allowing release of Trump tax returns
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Democratic state senators from New York announced a vote on Wednesday on a bill that would allow the state to release any state tax returns requested by Congress, including those of President TrumpDonald John TrumpNearly 300 former national security officials sign Biden endorsement letter DC correspondent on the death of Michael Reinoehl: 'The folks I know in law enforcement are extremely angry about it' Late night hosts targeted Trump over Biden 97 percent of the time in September: study MORE

They also announced a vote on a bill that would also allow state authorities to prosecute individuals who receive presidential pardons or other forms of clemency. 

The bills were introduced by State Sens. Brad Hoylman (D) and Todd Kaminsky (D), respectively. 

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“No one is above the law,” Hoylman said at the news conference. 

“A coequal branch of government has requested tax information from the White House and it is being stonewalled,” he added. 

The votes come one day after The New York Times published a story based on IRS transcripts showing that Trump's companies lost almost $1.2 billion between 1985 and 1994. Trump has notably broken from tradition and not released his tax returns, as other presidents and presidential candidates have done. He continues to insist that he cannot release his tax returns because he is under audit. 

New York's attorney general's office has also launched a series of investigations into the president. Attorney General Letitia James has pursued bank records tied to the Trump Organization and continued a lawsuit against the Trump Foundation.

Her office has also participated in a series of lawsuits against Trump's most controversial actions. The lawsuits include including challenges to the administration's attempts to add a question about citizenship to the census and to the president's plan to build a wall at the U.S.-Mexico border.