Court to take on Trump taxes
WASHINGTON: Can Donald Trump refuse to turn over his tax returns and financial records to Congress and New York prosecutors? The Supreme Court takes up this politically charged question tomorrow and it may use the occasion to better define the limits of presidential immunity.
The high court’s nine justices, confined at home by the novel coronavirus pandemic, will question lawyers for both sides by telephone in a highly anticipated session to be broadcast live. The hearing, initially set for late March, is being held now to allow time for the justices to render a decision before the presidential election in November, as Mr Trump seeks a second term.
The former real estate magnate, who used his fortune as an argument in his 2016 election campaign, is the first president since Richard Nixon in the 1970s to refuse to release his tax returns — prompting speculation about his true worth and his possible financial entanglements.
“There is clearly something in these documents that the president does not want us to see,” author Steven Mazie said. Since retaking control of the House of Representatives in midterm elections in 2018, the Democratic opposition has been eager to find out just what that “something” might be.
Several congressional committees have issued subpoenas to Mr Trump’s longtime accounting firm, Mazars, as well as to Deutsche Bank and Capital One bank, demanding Mr Trump’s financial records for the 2011-2018 period.
Manhattan prosecutor Cyrus Vance, a Democrat, meantime made a similar demand to Mazars as part of an investigation into payments to the porn actress known as Stormy Daniels to buy her silence about an alleged liaison with the billionaire. Mr Trump immediately sued to block the documents’ release. “What they are doing is not legal,” he said on Twitter, adding, “the Witch Hunt continues”. Having lost his argument in the lower courts, Mr Trump turned to the nation’s highest legal body. With two conservative Trump appointees on the nine-justice panel, the high has taken a clear turn to the right.
The justices will devote the first hour of tomorrow’s oral arguments to the congressional subpoena. “Unleashing each and every House committee to torment the president with legislative subpoena after subpoena is a recipe for a constitutional crisis,” the president’s lawyers said in a brief to the court. Yet, such requests are nothing new, House lawyers replied, citing examples involving presidents Richard Nixon, a Republican, and Jimmy Carter, a Democrat.