Wednesday, July 1, 2020

Awaiting SCOTUS' Ruling On Trump's Taxes, Finances


As we await the imminent decisions by the Supreme Court on two cases involving the release of financial information and tax returns for corrupt con man and Putin puppet Donald "Individual 1" Trump, a note of caution as to how much we'll see and when is sounded by Brookings' Richard Lempert:
"The Supreme Court, perhaps as early as tomorrow, is expected to hand down its decisions in two cases (Trump v. Mazars and Trump v. Vance) involving subpoenas for President Trump’s financial records. One set of subpoenas, issued by several House committees, seeks to acquire records relating to the president’s finances and businesses from his accounting firm, Mazars, and from two banks with which Trump has done business. The other set of subpoenas, issued in the name of Cyrus Vance, the District Attorney for the County of New York, seeks the same records the House committees has requested, as well as eight years of Trump’s business and personal tax returns. Both Mazars and the banks have indicated that if the Supreme Court so rules, they will turn over the subpoenaed records.
The concerns suggested by the justices’ comments in oral argument, as well as the strength of the legal cases Trump can mount, suggest he has a better chance of prevailing in Mazars and its companion case, Deutsche Bank, than he does in Vance. However, even if Trump loses both cases, it is unlikely that most Americans will see Trump’s tax returns any time soon." (our emphasis)
Lempert's article goes on to explain the legal restrictions on the public release of those documents -- even though leaks happen -- that may frustrate the public's desire to see what motivates Trump's bizarre affinity for dictators (prominently Russia's Putin) and his reliance on shady, money-launderers (Russian oligarchsDeutsche Bank, etc.).

As with decisions in this past Court session, Chief Justice John Roberts is likely to be the swing vote in a divided Court. It's highly unlikely that any of the other radical conservative justices will decide against their cult leader, especially when it comes to his secretive private business dealings, even if they show corruption and kompromat with a foreign adversary.

2 comments:

donnah said...

The fear is that this is the final arena for the fight for Trump's tax returns and financial records and if he's granted a pass here, there won't be further pursuits of that critical information. Roberts surprised us with two favorable decisions last month, but he'll probably stay with Trump on this one.

Hackwhackers said...

donnah -- Hope you're wrong about Roberts' vote, but the odds are that you're right. The fierceness of Trump's stonewalling is indicative of the size of the scandal he's trying to hide. At a minimum, his "business" over the last decade or more may be nothing more that a money-laundering enterprise for international criminals and oligarchs.