365NEWSX
365NEWSX
Subscribe

Welcome

Supreme Court set to decide who can see Trump’s tax returns, financial records - POLITICO

Supreme Court set to decide who can see Trump’s tax returns, financial records - POLITICO

Supreme Court set to decide who can see Trump’s tax returns, financial records - POLITICO
Jul 08, 2020 2 mins, 15 secs

The Supreme Court is set to unveil its decision on Thursday about whether Congress gets to see President Donald Trump’s tax returns and financial records, a ruling that could reshape the balance of power between lawmakers and the White House in the most dramatic way since Watergate.

The court’s final opinion day of its 2019-20 term also includes a related dispute about whether New York prosecutors can similarly access Trump’s financial records, held by his accounting firm and banks!

A decision to reject Trump’s legal challenges could result in voters getting to see the tax returns he has resisted disclosing since launching his presidential campaign in 2015.

The justices are also set to rule on grand jury subpoenas that a Manhattan prosecutor is using to demand many of the same tax and financial records in a criminal investigation that appears to be focused on the tax practices of Trump’s business empire.

The president sent personal lawyers to argue against both sets of subpoenas, and he seems unlikely to hold back if the rulings go against him, especially if Republican-appointed justices or his own appointees vote against him.

The justices have left only one other case to their final opinion day: a dispute over whether a large swath of eastern Oklahoma is actually an Indian reservation.

And even a ruling in Congress’ favor doesn’t guarantee that lawmakers will move to make Trump’s tax returns public before November.

That’s because while records turned over under a grand jury subpoena are required to be kept secret at least until charges are filed, lawmakers are under no such obligation and could release the Trump financial files in the lead-up to the election.

The court’s other three Republican appointees — Chief Justice John Roberts and Justices Neil Gorsuch and Brett Kavanaugh — were more equivocal and did not sound like certain votes for Trump’s stance.

Several justices said Trump’s lawyers were ignoring or downplaying Clinton v

The other case considered by the justices stemmed from a drive by the Manhattan district attorney, Cyrus Vance Jr., to use state-level grand jury subpoenas to get eight years of Trump’s tax returns and other financial records

Last September, Trump sued Vance to try to block grand jury subpoenas as part of an investigation into alleged fraud by the Trump Organization and other matters

Despite more than a year of litigation, precisely what Trump-related tax and financial records the accounting firm and the banks have and would turn over in response to the subpoenas remains somewhat murky

The House Oversight and Government Reform Committee’s subpoena to that firm demands a wide array of financial records spanning eight years, but doesn’t explicitly seek tax returns

Summarized by 365NEWSX ROBOTS

RECENT NEWS

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2024 365NEWSX - All RIGHTS RESERVED