“What New Yorkers need is a simpler, fairer tax code that strips away loopholes and doesn’t require a battery of tax attorneys to prepare,” said Ms. Long, who is herself an attorney. “The Buffet Rule will simply raise taxes on hard working innovators and job creators, on investors and small family businesses, leaving in place all the complicated loopholes that benefit D.C. connected special interests who are expert in tax avoidance.”
It should be noted, however, that Ms. Gillibrand was one of the first members of Congress to post her financial disclosure online, and that Ms. Long hasn’t released her own tax returns.
Still, Ms. Long added, referring to one of Ms. Gillibrand’s trademark pieces of legislation, “Transparency doesn’t just apply to insider trading by Congress, it also applies to the self-sustaining byzantine tax code that benefits insiders and the people who pass the laws and write the rules.”
She also hit Ms. Gillibrand on comments she made back in 2010, when Harold Ford was considering challenging her and she called on him to release his tax returns to determine if his residency was actually in New York.
From the release:
Senator Gillibrand has a decidedly tortured history on tax returns. In 2010, then a freshly minted Senator called on Harold Ford to answer questions on his taxes, calling it a “very important” issue and that she thought ”…New Yorkers have a right to know.”
It was ironic because in her 2006 race against Congressman John Sweeney she flatly refused to release her taxes, saying she wouldn’t be “bullied.” Gillibrand subsequently released her taxes in 2009 for inspection only after she was appointed to the Senate. Three years later, it’s time voters have an opportunity to fully examine her tax returns.
Added Ms. Long, “Now as the Senate is about to engage in a debate on the so-called Buffet Rule, it’s important that New Yorkers understand how their elected officials benefit from maintaining the status-quo and a tax system, that’s too costly, too complicated and too onerous for everyday New Yorkers.”