Court rulings keep Trump's financial records private for now

The Supreme Court issued a mixed verdict Thursday on demands for President Donald Trump's financial records that will keep his tax returns, banking and other documents out of the public eye for the time being.

News 12 Staff

Jul 9, 2020, 2:25 PM

Updated 1,414 days ago


There's good and bad news for President Donald Trump after Thursday's court rulings on his taxes.
The Supreme Court ruled in a 7-2 vote that the Manhattan district attorney has the right to subpoena the president's tax returns and financial records.
But, they sent the case back to a lower court for further litigation.
In another 7-2 ruling, the court ruled for now that it wouldn't allow Congress to get immediate access to the president's financial documents.
The court says also sent the case back to the lower courts to tackle a separation of powers issue.
Pace Law School Professor Bridget Crawford believes the rulings were short-term victories for the president, but could bring long-term dangers.
"In the immediate term, no one is going to get their hands on President Trump's tax returns anytime soon. However in the long run, the Supreme Court has stated the separation of powers is alive and well in this country," she says.
The president took to Twitter to voice his displeasure with the court rulings, calling it a political prosecution.
State Assemblyman David Buchwald, a former tax attorney, has taken a keen interest in the president and his transparency or lack thereof.
He was the author of the Trust Act, a bill signed into law last year allowing the state to hand over tax documents of any state official if requested by Congress.
He believes Congress dragged its feet in getting the president’s tax returns from the state, but he thinks Thursday’s ruling suggests the president will eventually be made to come clean about his financial history.
“I think Donald Trump has tried to hide from the public for a long time what he’s about,” he says.

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