Per Reuters, President Donald Trump’s longtime accounting firm must hand over eight years of his tax returns to New York prosecutors, a U.S. appeals court ruled Monday in the latest setback for Trump in his tenacious efforts to keep his finances secret.
However, President Trump has vowed to take the case to the Supreme Court, where conservative leaning justices have a 5-4 majority.
Breaking via CNBC: A federal appeals court has ruled that Trump's tax returns must be turned over to a state grand jury.
The panel rejected Trump's argument that he's immune as president from criminal investigation while in the White House. https://t.co/nH2bYKYjkY
— Kyle Griffin (@kylegriffin1) November 4, 2019
CNBC reports a federal appeals court ruled Monday that President Donald Trump’s tax returns must be turned over to a state grand jury.
In a unanimous ruling, the three-judge appeals panel in New York rejected Trump’s argument that he is immune as president from criminal investigation while in the White House.
Trump’s lawyer, Jay Sekulow, said that the president would ask the U.S. Supreme Court to overturn the ruling by the Second Circuit Court of Appeals.
“The decision of the Second Circuit will be taken to the Supreme Court. The issue raised in this case goes to the heart of our Republic. The constitutional issues are significant,” Sekulow said in a statement.
Manhattan District Attorney Cyrus Vance Jr. is seeking eight years’ worth of Trump’s corporate and personal tax returns from his accounting firm Mazars as part of a criminal investigation.
Trump sued to block the subpoena that Vance’s office sent to Mazars in September. The president’s legal bid was dismissed in mid-October by a U.S. District Court judge, who balked at the “extraordinary claim” of immunity being argued.
Trump’s lawyers had argued to the appeals panel that the president has absolute immunity during his time in office, not only from prosecution but even from a criminal investigation into his conduct before he was elected.
Vance Jr. took heat for not prosecuting Harvey Weinstein due to not thinking he had a winnable case.
This article first appeared on TheConservativeOpinion.com