Supreme Court grants NY prosecutors access to Trump's tax returns
https://thehill.com/homenews/admini...s-ny-prosecutors-access-to-trumps-tax-returns
The Supreme Court on Thursday granted New York state prosecutors access to
President Trump’s tax returns in a landmark decision over presidential immunity from criminal proceedings.
The justices upheld a Manhattan District Attorney subpoena for 8 years of Trump’s financial documents, including his personal and corporate tax returns.
The
ruling makes it more likely that Trump's tax returns are eventually made public, though it’s unclear if they would be disclosed before the November general election. More fundamentally, the decision narrows the immunity from criminal investigations that a sitting president enjoys.
The justices are expected to issue another decision on Thursday that also bears on Trump’s financial records.
Trump’s tax returns and financial records have been closely watched since his 2016 presidential campaign. He is the first president in decades to refuse to make any of his tax returns public, noting that he is under audit, though the IRS has said that does not prevent Trump from voluntary disclosure.
The New York case arose after Cyrus Vance Jr., the Democratic district attorney for Manhattan, obtained a grand jury subpoena for Trump’s accounting firm, Mazars USA.
Vance's office is looking into payments made to silence two women who allege they had affairs with Trump, including adult-film star Stormy Daniels, before he became president.
Trump’s former lawyer and fixer
Michael Cohen is serving a prison term in part for his role in the payoff scheme, which violated campaign finance laws and which Cohen said he conducted at the direction of Trump to influence the 2016 presidential election.
Trump has denied any wrongdoing and his private attorneys filed multiple lawsuits to prevent Mazars and two additional third-party financial institutions — Deutsche Bank and Capital One — from disclosing Trump’s financial records.