No peeking, voters: Court keeps Trump taxes private for now
* Financial Law updated 2020/07/11 08:58
* Financial Law updated 2020/07/11 08:58
Rejecting President Donald Trump’s complaints that he’s being harassed, the Supreme Court ruled Thursday in favor of a New York prosecutor’s demands for the billionaire president’s tax records. But in good political news for Trump, his taxes and other financial records almost certainly will be kept out of the public eye at least until after the November election.
In a separate case, the justices kept a hold on banking and other documents about Trump, family members and his businesses that Congress has been seeking for more than a year. The court said that while Congress has significant power to demand the president’s personal information, it is not limitless.
The court turned away the broadest arguments by Trump’s lawyers and the Justice Department that the president is immune from investigation while he holds office or that a prosecutor must show a greater need than normal to obtain the tax records. But it is unclear when a lower court judge might order the Manhattan district attorney’s subpoena to be enforced.
Trump is the only president in modern times who has refused to make his tax returns public, and before he was elected he promised to release them. He didn’t embrace Thursday’s outcome as a victory even though it is likely to prevent his opponents in Congress from obtaining potentially embarrassing personal and business records ahead of Election Day.
In fact, the increasing likelihood that a grand jury will eventually get to examine the documents drove the president into a public rage. He lashed out declaring that “It’s a pure witch hunt, it’s a hoax” and calling New York, where he has lived most of his life, “a hellhole.”
The documents have the potential to reveal details on everything from possible misdeeds to the true nature of the president’s vaunted wealth ? not to mention uncomfortable disclosures about how he’s spent his money and how much he’s given to charity.
The rejection of Trump’s claims of presidential immunity marked the latest instance where his broad assertion of executive power has been rejected.
Trump’s two high court appointees, Justices Neil Gorsuch and Brett Kavanaugh, joined the majority in both cases along with Chief Justice John Roberts and the four liberal justices. Roberts wrote both opinions.
“Congressional subpoenas for information from the President, however, implicate special concerns regarding the separation of powers. The courts below did not take adequate account of those concerns,” Roberts wrote in the congressional case.
In a separate case, the justices kept a hold on banking and other documents about Trump, family members and his businesses that Congress has been seeking for more than a year. The court said that while Congress has significant power to demand the president’s personal information, it is not limitless.
The court turned away the broadest arguments by Trump’s lawyers and the Justice Department that the president is immune from investigation while he holds office or that a prosecutor must show a greater need than normal to obtain the tax records. But it is unclear when a lower court judge might order the Manhattan district attorney’s subpoena to be enforced.
Trump is the only president in modern times who has refused to make his tax returns public, and before he was elected he promised to release them. He didn’t embrace Thursday’s outcome as a victory even though it is likely to prevent his opponents in Congress from obtaining potentially embarrassing personal and business records ahead of Election Day.
In fact, the increasing likelihood that a grand jury will eventually get to examine the documents drove the president into a public rage. He lashed out declaring that “It’s a pure witch hunt, it’s a hoax” and calling New York, where he has lived most of his life, “a hellhole.”
The documents have the potential to reveal details on everything from possible misdeeds to the true nature of the president’s vaunted wealth ? not to mention uncomfortable disclosures about how he’s spent his money and how much he’s given to charity.
The rejection of Trump’s claims of presidential immunity marked the latest instance where his broad assertion of executive power has been rejected.
Trump’s two high court appointees, Justices Neil Gorsuch and Brett Kavanaugh, joined the majority in both cases along with Chief Justice John Roberts and the four liberal justices. Roberts wrote both opinions.
“Congressional subpoenas for information from the President, however, implicate special concerns regarding the separation of powers. The courts below did not take adequate account of those concerns,” Roberts wrote in the congressional case.