https://www.nationalreview.com/2019/11/trump-tax-returns-second-circuit-rules-against-president/
No Surprise: The Second Circuit in NYC clears the way for the president’s accountants to turn over records relating to his dealings more than a decade ago.
Today’s Trump v. Vance decision by the Second Circuit Court of Appeals in Manhattan, holding that President Trump’s tax-return information must be turned over to state prosecutors, is no surprise.
As the court relates, a New York State grand jury is investigating the circumstances surrounding the “‘hush money’ payments made to two women” — a reference, no doubt, to former Playboy model Karen McDougal and porn star Stefanie Clifford (a.k.a. “Stormy Daniels”), who claim to have had flings with Donald Trump a decade before he was elected president. In the course of the investigation, a subpoena was issued to the Trump organization for related “documents and communications.” Prosecutors interpreted this subpoena to cover the president’s personal tax returns from the relevant period (June 2015 through mid-September 2018). The president’s private counsel objected, and the Trump organization (which is wholly owned by the Donald J. Trump Revocable Trust, of which the president is grantor and beneficiary) has not produced any such tax documents.
Meanwhile, prosecutors served another subpoena, this time on Mazars USA LLP. That is the accounting firm that possesses financial records pertaining to the president’s personal and business dealings. The Mazars subpoena covers a period stretching back to 2011. It explicitly demands production of any “tax returns and related schedules, in draft, as-filed, and amended form.”
The president discouraged Mazars from complying. He claimed sweeping immunity from state criminal process while he is in office, and thus sought a declaratory judgment that the subpoena was invalid, along with an injunction barring the district attorney from taking any action to enforce the subpoena.
That was the claim rejected today by the unanimous three-judge panel.