California governor signs bill on presidential tax returns - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 30, 2019 Newswires
Share
Share
Tweet
Email

California governor signs bill on presidential tax returns

Associated Press

SACRAMENTO, Calif. (AP) — California's Democratic governor signed a law Tuesday requiring presidential candidates to release their tax returns to appear on the state's primary ballot, a move aimed squarely at Republican President Donald Trump.

Most of the major Democratic candidates for president have already publicly disclosed their personal income tax returns as Trump has refused to do so, breaking with decades of tradition by candidates from both parties.

The Trump campaign said the law signed by Newsom is "unconstitutional." But even if the law withstands a likely legal challenge, Trump could avoid the requirement by choosing not to compete in California's March 3rd primary.

The Republican National Committee does not require candidates to appear on primary ballots in all 50 states. With no credible GOP challenger at this point, Trump likely won't need California's delegates to win the Republican nomination. The law does not apply to the general election ballot.

Harmeet K. Dhillon, one of California's two representatives on the Republican National Committee, called the bill an "illegal voter suppression scheme." Removing Trump from the state's primary ballot would likely depress turnout from GOP voters for down-ticket races and ballot measures, she said.

Newsom, who has repeatedly sparred with Trump over immigration policy and California's troubled high-speed rail project, said the state's influence as one of the world's largest economies gives it "a special responsibility" to hold candidates to high ethical standards, including disclosing information about their personal finances.

"These are extraordinary times and states have a legal and moral duty to do everything in their power to ensure leaders seeking the highest offices meet minimal standards, and to restore public confidence," Newsom wrote in his signing statement.

While states have authority over how candidates can access their ballots, the U.S. Constitution lays out a limited set of qualifications candidates must meet to run for president, said Rick Hasen, a professor specializing in election law at the University of California-Irvine School of Law. Those qualifications include requiring presidential candidates be over age 35, born in the U.S. and live at least 14 years in the country.

The U.S. Supreme court has previously halted state efforts to add ballot access rules for congressional candidates.

The bill's author, Democratic Sen. Mike McGuire, said it would be "inconsistent" with past practice for Trump to forego the primary ballot and "ignore the most popular and vote-rich state in the nation."

In a tweet to Trump, McGuire said: "If you want to be on the CA primary ballot, release your returns. It's a low bar to hit, unless you have something to hide."

Tax returns show income, charitable giving and business dealings, all of which Democratic state lawmakers say voters are entitled to know about.

California is the first state to enact legislation compelling political candidates to disclose their personal income tax returns. New York state has passed a law giving congressional committees access to Trump's state tax returns, which Trump has challenged in court . Efforts to pry loose his tax returns have floundered in other states.

California's first attempt to force presidential candidates to reveal their tax returns failed in 2017 when then-Gov. Jerry Brown, a Democrat, vetoed the law after raising questions about its constitutionality. Of the 18 state legislatures that introduced similar bills in 2019, 11 are still active, according to Dylan Lynch, a policy specialist at the National Conference of State Legislatures.

California's law requires candidates to submit tax returns for the most recent five years to California's Secretary of State at least 98 days before the primary. They will then be posed online for the public to view, with some personal information redacted.

The law also applies to candidates for governor. Newsom, who took office in January, released six years of his personal income tax returns prior to California's 2018 gubernatorial primary.

Jack Pitney, a political science professor at Claremont McKenna College, said California's new law will bring greater transparency but could deter some candidates with complex tax returns from running for governor.

"Even if the tax returns are completely lawful, there is plenty of material for opposition researchers," he said.

Associated Press writer Zeke Miller in Washington contributed to this report.

Older

Life Insurance Settlement Association to Host 25th Annual Fall Life Settlement Conference in Nashville, October 13th-15th

Newer

Loophole allows families to get aid meant for needy students

Advisor News

  • Study finds more households move investable assets across firms
  • Could workplace benefits help solve America’s long-term care gap?
  • The best way to use a tax refund? Create a holistic plan
  • CFP Board appoints K. Dane Snowden as CEO
  • TIAA unveils ‘policy roadmap’ to boost retirement readiness
More Advisor News

Annuity News

  • $80k surrender charge at stake as Navy vet, Ameritas do battle in court
  • Sammons Institutional Group® Launches Summit LadderedSM
  • Protective Expands Life & Annuity Distribution with Alfa Insurance
  • Annuities: A key tool in battling inflation
  • Pinnacle Financial Services Launches New Agent Website, Elevating the Digital Experience for Independent Agents Nationwide
More Annuity News

Health/Employee Benefits News

  • Providers fear illness uptick
  • JAN. 30, 2026: NATIONAL ADVOCACY UPDATE
  • Advocates for elderly target utility, insurance costs
  • National Health Insurance Service Ilsan Hospital Describes Findings in Gastric Cancer (Incidence and risk factors for symptomatic gallstone disease after gastrectomy for gastric cancer: a nationwide population-based study): Oncology – Gastric Cancer
  • Reports from Stanford University School of Medicine Highlight Recent Findings in Mental Health Diseases and Conditions (PERSPECTIVE: Self-Funded Group Health Plans: A Public Mental Health Threat to Employees?): Mental Health Diseases and Conditions
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Etiqa General Insurance Berhad
  • Life insurance application activity hits record growth in 2025, MIB reports
  • AM Best Revises Outlooks to Positive for Well Link Life Insurance Company Limited
  • Investors holding $130M in PHL benefits slam liquidation, seek to intervene
  • Elevance making difficult decisions amid healthcare minefield
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

8.25% Cap Guaranteed for the Full Term
Guaranteed cap rate for 5 & 7 years—no annual resets. Explore Oceanview CapLock FIA.

Press Releases

  • Financial Independence Group Marks 50 Years of Growth, Innovation, and Advisor Support
  • Buckner Insurance Names Greg Taylor President of Idaho
  • ePIC Services Company and WebPrez Announce Exclusive Strategic Relationship; Carter Wilcoxson Appointed President of WebPrez
  • Agent Review Announces Major AI & AIO Platform Enhancements for Consumer Trust and Agent Discovery
  • Prosperity Life Group® Names Industry Veteran Mark Williams VP, National Accounts
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet