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Trump to ask U.S. Supreme Court to review tax returns decision

Stock MarketsNov 08, 2019 08:29PM ET
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By Jonathan Stempel

NEW YORK (Reuters) - U.S. President Donald Trump plans to ask the U.S. Supreme Court to overturn a ruling requiring his accounting firm to turn over eight years of his tax returns to New York prosecutors, setting the stage for a possible decision before the 2020 election.

Lawyers for Trump and Manhattan District Attorney Cyrus Vance said on Friday that the president intends to ask the Supreme Court by Nov. 14 to review Monday's ruling on the tax returns by the federal appeals court in Manhattan.

Vance will oppose the request, and the parties intend to brief their positions by Nov. 25, according to the lawyers.

The timetable was disclosed in a letter filed with the federal court in Manhattan, where the lawyers asked that the case be put on hold while Trump seeks Supreme Court review.

Monday's ruling by the 2nd U.S. Circuit Court of Appeals authorized Vance's office to enforce a subpoena to obtain Trump's tax returns from the accounting firm Mazars LLP.

Vance, a Democrat, sought the returns as part of a criminal probe into Trump and his family real estate business.

Trump has argued that he is immune from criminal investigations while in office.

While the appeals court did not decide that issue, it said it did not matter because Vance was seeking the tax returns from Mazars rather than from the president himself.

The Supreme Court is not required to hear Trump's appeal. If it does, it could rule in its current term, which ends in June.

Five of the court's nine justices are considered conservatives and were appointed by Republican presidents, including two appointed by Trump - Neil Gorsuch and Brett Kavanaugh.

Prior to becoming president, Trump had built a real estate empire with his New York-based business.

He is facing an unrelated impeachment inquiry in the Democratic-led U.S. House of Representatives.

Trump to ask U.S. Supreme Court to review tax returns decision
 

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Comments (3)
Otb Investor
Otb Investor Nov 11, 2019 5:45AM ET
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His personal finances (or anything else) has nothing to do with his how great he is for the country... And great is his performance, if not the greatest. So get a life do nothing opposition.
Adrian White
Adrian White Nov 11, 2019 5:45AM ET
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Umm...his finances have a lot to do with how he makes potential decisions that affect the country. He has shown time and time again that he is looking out for himself first. Just look at how he uses his position to promote his hotels and golf courses. If he's willing to shamelessly do that, then who knows what other decisions he's making, potentially benefitting himself rather than the country. Especially since he owns businesses around the world where foreign interests could be using leverage to influence him.
Picaso Fish
Picaso_Fish Nov 10, 2019 12:44PM ET
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Pretty sure he went broke. He became the president by bragging about how wealthy and wonderfull he is. If his tax returns show 8 more years of brutal losses he might have to step down. This could be, an big deal.
Jan Buyle
Jan Buyle Nov 10, 2019 6:48AM ET
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What does he have to hide? If there is nothing to hide why not show them?
Kim Andreasen
Kim Andreasen Nov 10, 2019 6:48AM ET
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Most likely just another one of his distractions to move focus away and the things that shouldn't get attention
 
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