SCOTUS rulings on Trump taxes and financial records: Explained

The Supreme Court on Thursday issued rulings in two cases related to President Trump's finances, the first time the court has ruled in cases involving his personal affairs. In one, it denied his claim for absolute immunity from criminal investigation, upholding a New York district attorney's demand for his tax returns, but in the other, it deferred enforcement of a congressional subpoena for financial records that House committees have been seeking for more than a year.

The rulingsIn the first case, Trump v. Vance, a 7-2 majority of the court, with Justices Samuel Alito and Clarence Thomas in dissent, rejected arguments by Trump’s lawyers and the Justice Department that the president is immune from investigation while he holds office. Story continuesThat strong statement by a solid majority of the court was considered by legal observers a victory for the rule of law. But the case was remanded back to a lower court, where Trump’s lawyers can raise other legal arguments, likely delaying the actual production of the records indefinitely. And because the grand jury process is confidential, the returns, which Trump has refused to release, may never be made public, unless Vance’s investigation results in an indictment and trial.

“We are pleased that in the decisions issued today, the Supreme Court has temporarily blocked both Congress and New York prosecutors from obtaining the president’s financial records,” Sekulow said in a statement. “We will now proceed to raise additional constitutional and legal issues in the lower courts.”

No point thinking over it now!

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