BREAKING: SCOTUS Rules Trump Must Disclose Taxes

The Washington Post reports:

The Supreme Court ruled Thursday that a New York prosecutor is entitled to see President Trump’s private and business financial records, ending an intense legal battle waged by the president to keep them secret.

The court said Manhattan District Attorney Cyrus R. Vance Jr. had the authority to subpoena the records from Trump’s private accounting firm. Trump had claimed an immunity from criminal investigations while in office.

Vance is investigating whether the Trump Organization falsified business records to conceal hush payments to two women, including pornographic film actress Stormy Daniels, who claimed they had sex with Trump before he took office. Trump has denied those claims.

CNBC reports:

The decision is the first time that the nation’s highest court has directly ruled on a matter involving Trump’s personal dealings. Trump has been more secretive with his finances than any president in decades, refusing to release his tax records to the public even as he mounts a bid for reelection.

The case was decided on the final day of the Supreme Court’s term, which began last October and was extended past it’s typical end-of-June conclusion as a result of precautions taken against the spreading coronavirus.

The New York case stemmed from an investigation being pursued by Manhattan District Attorney Cy Vance Jr. Vance issued a subpoena to Trump’s longtime accounting firm, Mazars, for a wide variety of Trump’s personal and business records, including tax returns, dating back to 2011.

ABC News reports:

In the most recent time Chief Justice John Roberts has sided with the court’s liberal side in a high-profile case, he wrote for the 7-2 majority, “Article II and the Supremacy Clause do not categorically preclude, or require a heightened standard for, the issuance of a state criminal subpoena to a sitting President.”

The majority rejected the president’s claims of absolute immunity from criminal investigative process and affirms the ability of the Manhattan DA to subpoena he president’s financial records — but the court returns the matter back to a lower court for further proceedings to allow the president to “raise further arguments as appropriate.”