Trump tax returns: New York prosecutor says president can't block subpoena for financial records

NEW YORK — President Donald Trump lacks authority to block a subpoena that seeks his tax returns and financial records for a criminal investigation, attorneys for Manhattan District Attorney Cyrus Vance argued Tuesday in a federal appeals court filing.

"The reality is that" Trump"has refused to participate in the very impeachment process that he presents here as the bulwark against placing a president above the law," Vance's lawyers argued."His core position on every one of these matters is that the United States Presidency places him beyond the reach of the law."

Appeal has been fast-tracked because of its importanceThe battle features high personal and political stakes for Trump, who is fighting on multiple fronts with Congress and other parties to keep his tax returns and financial records private. Marrero dismissed Trump's lawsuit, writing that"this court finds aspects of such a doctrine repugnant to the nation's governmental structure and constitutional values."

The women are adult film star Stephanie Clifford, whose stage name is Stormy Daniels, and former Playboy magazine model Karen McDougal. Both women claimed to have had sexual affairs with Trump. He has denied their claims.Michael Cohen, Trump's former personal lawyer, paid $130,000 to Daniels to buy her silence about her alleged affair with Trump. The payment was made shortly before the 2016 presidential election.

Source: Law Daily Report (lawdailyreport.net)

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