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Trump's Tax Returns Subpoenaed by Manhattan DA Cyrus Vance Jr.


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13 minutes ago, 3rdnlng said:

This is why it is important to keep his tax returns private. People who don't know schitt from shinola will try to analyze things and they will be wrong. They will easily confuse assessed value with appraised value and gross vs. net.


that is what they live for, they are paid a lot of $$ to do so

 

if you aren’t paid to get into his tax returns, that’s a lifestyle as well

 

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2 hours ago, DC Tom said:

 

Occupancy rates and utilization rates are calculated differently for NYC property taxes and loan applications.  :rolleyes:

 

everything is calculated differently in each business

 

and then there's real estate....

 

 

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  • 3 weeks later...
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7 minutes ago, Chef Jim said:


What’s the score on these things?  It’s like the Trump administration is the Harlem Globetrotters and the Dems are the Washington Generals    

the beauty of it all is that they just don't learn. they can't seem to comprehend that everytime they pull their schtick, they are steppin' on rakes.

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These opinions will be issued tomorrow (last day of court).

I've been hanging out at the SCOTUS blog and have read some interesting takes on what might happen - the guesses seem to roll with Congress is told "no," NYS is told "yes." we shall see.

If Congress wins, his tax records will be posted all over the free world. If NYS wins, his tax records will remain confidential (grand jury). If Trump wins (both) the records remain confidential.

 

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Vance will determine whether an NYC grand jury can obtain Trump's financial records as part of a criminal investigation.
 

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.
 

"Given these safeguards and the Court's precedents, we cannot conclude that absolute immunity is necessary or appropriate under Article II or the Supremacy Clause. Our dissenting colleagues agree," the chief writes.
 

"Rejecting a heightened need standard does not leave Presidents with 'no real protection.' To start, a President may avail himself of the same protections available to every other citizen."
 

"The arguments here and in the Court of Appeals were limited to absolute immunity and heightened need. The Court of Appeals, however, has directed that the case may be returned to the District Court, where the President may raise further arguments as appropriate."

In a footnote, Roberts notes that the "daylight between our opinion" and the Thomas "dissent" is "not as great as that label might suggest." "We agree that Presidents are neither absolutely immune from state criminal subpoenas nor insulated by a heightened need standard." Here's some key language: "We agree that Presidents may challenge specific subpoenas as impeding their Article II functions."
"And although we affirm while Justice Thomas would vacate, we agree that this case will be remanded to the District Court."
 

End of majority says issue here was limited to absolute immunity and heightened need, and 2d Circuit ordered case returned to District Court for other possible issues. So SCOTUS remands and presumably the case still goes back to 2d Circuit and then District Court.
 

It is by Roberts. The vote is 7-2.

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I fail to see how either congress OR a crusading DA has the right to a citizen's financial information.

 

If the court rules against Trump, then the gloves need to come off and every Democratic member of Congress needs to have the IRS unleashed on them.

 

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Mazars asks whether 3 House committees can subpoena Trump's financial records as part of congressional investigations.
 

Again by Roberts, again 7-2: From the syllabus: "The courts below did not take adequate account of the signficant separation of powers concerns implicated by congressional subpoenas for the President's information."
 

When Congress seeks information “needed for intelligent legislative action,” it “unquestionably” remains “the duty of all citizens to cooperate.” Watkins, 354 U. S., at 187 (em-phasis  added).    Congressional  subpoenas  for  information from the President, however, implicate special concerns regarding the separation of powers.  The courts below did not take adequate account of those concerns.  The judgments of the Courts of Appeals for the D. C. Circuit and the Second Circuit are vacated, and the cases are remanded for further proceedings consistent with this opinion.

 

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More on the above.............

 

 

 

 

Supreme Court: No presidential “absolute immunity” on grand jury subpoena for Tax Returns, but separation of powers may protect from congressional subpoenas

Two political wins for Trump: Grand Jury case sent back to lower courts where Trump can raise other objections, and for now his accountants do not have to produce financial records to Democrats in Congress.

 

(more…)

 

 

 

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