New Jersey's Christie vetoes bill seeking Trump's tax returns

Published 05/01/2017, 05:44 PM
© Reuters. FILE PHOTO: New Jersey Governor Christie reacts to a question during a news conference in Trenton

By Joseph Ax

(Reuters) - New Jersey Governor Chris Christie on Monday vetoed a bill that would have required President Donald Trump to release his tax returns in order to run for re-election in the state, calling it "politics at its worst."

The Democrat-controlled state legislature had passed the bill in March in response to Trump's refusal to make public his tax returns when he ran for president as a Republican last year. Under the law, any candidate for president or vice president could not appear on the ballot without releasing at least five years of returns.

Before Trump, every major presidential candidate had done so voluntarily since the 1970s.

Christie, who became one of Trump's earliest high-profile backers after his own White House run fizzled and served on Trump's transition team, said the legislation was an unconstitutional "form of therapy" for Democrats unwilling to accept Trump's win over Democrat Hillary Clinton.

"The hypocrisy and false outrage underlying this bill is stunning - even by Trenton standards," he said in a statement accompanying the veto.

New Jersey was the first of at least 20 states considering similar legislation to send a bill to its governor's desk for consideration.

The chairman of the state assembly's judiciary committee, Democrat John McKeon, called Christie's comments "grandstanding and childish rhetoric."

"This much is clear – Governor Christie is obsessed with protecting and showing allegiance to President Trump," McKeon added in a statement. "Sad!"

The state Senate majority leader, Democrat Loretta Weinberg, said voters "deserve to know what financial ties and interests candidates for the presidency and vice presidency have, including with other countries."

Trump's critics have said his tax returns represent the only way to assess any potential conflicts of interest related to his sprawling business empire. Democrats have also suggested the returns could reveal politically damaging information, such as Trump's possible use of loopholes to avoid paying income taxes.

© Reuters. FILE PHOTO: New Jersey Governor Christie reacts to a question during a news conference in Trenton

During the campaign, Trump said he would not release the returns because he was being audited, and the White House has made it clear he has no intention of doing so after winning the election.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.