Aug 6, 2019

Trump, RNC sue California over election law to release tax returns

Photo: Nicholas Kamm/AFP/Getty Images

President Trump, his 2020 campaign and the RNC sued California Tuesday over its law that requires presidential and gubernatorial candidates to release their 5 most recent years' tax returns before they can appear on the state's primary ballot.

The big picture: The California law directly challenges Trump's continued refusal to release his tax returns, but the lawsuits argue it violates the Constitution by creating an extra requirement to become president.

  • The Constitution has 3 requirements for president — be a natural born citizen, be at least 35 or older and be a U.S. resident for at least 14 years.

The state of play: The two suits were filed in the Eastern District of California — one by the RNC, the California Republican Party and several California Republican voters, and the other by Trump and his campaign — and mark "the latest flash point between the White House and the state of California, which is involved in more than 40 lawsuits against the Trump administration," the NYT's Annie Karni writes.

  • Trump and the Treasury Department are in several legal battles with the House Ways and Means Committee and New York state officials, respectively, over his federal and state tax returns.

Read Trump's lawsuit:

Go deeper: Justice Department backs Treasury on blocking Trump tax returns

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Deutsche Bank has Trump's tax records sought by House Democrats

President Donald Trump speaks to reporters at the White House in Washington, D.C. Photo: Mandel Ngan/ AFP/Getty Images

Deutsche Bank confirmed in a letter Tuesday that it has tax returns subpoenad by House Democrats seeking financial information on President Trump and his family.

The big picture: The disclosure was filed in response to an appeals court order amid a legal battle between Congress and the president over access to Trump’s business records, per the Washington Post. The court is considering a request by Trump to block access to financial records at the German bank and Capital One Financial Corp., Bloomberg notes. The bank’s public redacted response does not identify its client by name.

The 2020 candidates who have released their latest tax returns

Tom Steyer. Photo: Ethan Miller/Getty Images

Personal financial disclosures have become a litmus test for Democratic 2020 hopefuls, as candidates link their tax disclosures with the long-standing fight to obtain President Trump’s tax returns.

Our thought bubble, per Axios' Alexi McCammond: It will likely be politically toxic for any 2020 Democrat not to release their tax returns, since this is an example of how anything they demand of Trump they must do themselves. This is Democrats’ way of separating themselves from Trump, trying to get back to norms and pushing for transparency.

Go deeperArrowUpdated Aug 29, 2019

Consumer groups seek to defend California data privacy law

A collection of consumer groups has written a letter to California lawmakers urging them to keep the strong protections in a state law due to take effect next year.

Why it matters: The California law, if left largely as is, could usher in a range of new consumer protections. However, direct marketers and tech companies, working through various entities, have been seeking to water down the law.

Go deeperArrowAug 26, 2019