Politics

U.S. Supreme Court takes up Trump bid to shield financial records

WASHINGTON (Reuters) – The U.S. Supreme Court on Friday agreed to hear President Donald Trump’s appeals in three separate cases to prevent his financial records, including tax returns, being handed over to Democratic-led House of Representatives committees and a New York prosecutor.

FILE PHOTO: U.S. President Donald Trump speaks during a working luncheon with permanent representatives of the United Nations Security Council in the Cabinet Room of the White House in Washington, U.S., December 5, 2019. REUTERS/Jonathan Ernst/File Photo

The Republican president is trying to block subpoenas for bank records, tax returns or other materials demanded by various Democratic-led House of Representatives committees investigating corruption or foreign meddling in the U.S. elections process. The House probes are not part of the Democratic-led impeachment proceedings against Trump over his dealings with Ukraine.

The court will hold oral arguments in March, with rulings due by the end of June.

Manhattan District Attorney Cyrus Vance, a Democrat, is seeking Trump’s tax returns in a criminal investigation of the president, the Trump Organization and his family real estate business.

The cases are a test for how the justices view Trump’s arguments that the subpoenas are a threat to the presidency, on the one hand, and the need for lawmakers or prosecutors for information to pursue legislation or criminal investigations on the other.

The court has a 5-4 conservative majority including two Trump appointees, Justices Neil Gorsuch and Brett Kavanaugh.

One of the cases is Trump’s appeal of a lower court ruling allowing a New York grand jury to subpoena his accounting firm Mazars LLP for his records.

Trump’s attorneys said prosecutors could be encouraged to investigate a president to advance their careers or score political points if that subpoena is enforced.

Another case concerns a lower court decision in Washington that endorsed subpoenas issued by the Democratic-led House Oversight Committee to Mazars.

Trump’s lawyers say there was no legislative purpose for the subpoenas and that the aim was merely to dig for dirt on the president.

In the third case, the justices will review a lower court ruling allowing the enforcement of separate House committee subpoenas targeting Trump-related financial records from Deutsche Bank AG (DBKGn.DE) and Capital One Financial Corp (COF.N).

The court on Friday extended its hold on the lower court ruling, which it had temporarily blocked last week.

The lower court rulings in the congressional cases, if left intact, would bring House Democrats closer to getting some of the details about Trump’s business interests.

That outcome would also amount to a major blow for the president, who, unlike past presidents, has refused to publicly disclose his tax returns.

Legal experts say the justices often hear cases when the president asks them to, but that does not mean Trump will ultimately prevail.

Reporting by Lawrence Hurley and Andrew Chung; editing by Grant McCool

Our Standards:The Thomson Reuters Trust Principles.

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