Trump Lost Again on Taxes in Federal Court

A judge tossed Trump’s bid to block his accountant from giving his financial records to Manhattan’s DA.

Donald Trump holds a press conference on Wednesday, August 19, 202Chris Kleponis/Pool/CNP via ZUMA Wir

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.

A federal judge on Thursday threw out a lawsuit by Donald Trump that argued the president should not have to comply with a subpoena by Manhattan District Attorney Cyrus Vance for his financial records, including tax returns.

The Supreme Court last month rejected Trump’s argument that prosecutors could not order his accounting firm Mazars to hand over his records. Trump’s lawyers argued that he enjoys absolute immunity from criminal scrutiny, as well as congressional oversight, while in office. In an appeals court ruling last fall, Trump’s lawyers said that even if he shot someone on Fifth Avenue, he would be immune from not only prosecution but investigation by federal or local authorities.

The Supreme Court’s decision allowed Trump to contest Vance’s subpoena on other grounds. On Thursday US District Judge Victor Marrero ruled that Trump’s new arguments—that Vance’s subpoena is “overbroad and issued in bad faith”—is “at its core” the same claim judges have already rejected.

“It amounts to absolute immunity through a back door, an entry point through which not only a President but also potentially other persons and entities, public and private, could effectively gain cover from judicial process,” Marrero wrote.

Marrero said Trump’s litigation strategy, if successful, would have dire national consequences. It “could impact the constitutional order and justice system all the more adversely precisely because the expedient emanates from the President than it would when an ordinary citizen pursues similar practices,” the judge wrote.

Vance’s office disclosed last month that it is investigating Trump and his company for “bank and insurance fraud.” Vance has also subpoenaed Trump’s longtime lender, Deutsche Bank, for financial records Trump and his company provided when he sought loans, the New York Times reported. Deutsche Bank complied.

Thursday’s ruling is another stinging legal defeat for Trump, but it doesn’t mean Americans will get to see Trump taxes anytime soon. Trump’s lawyers filed an emergency notice of appeal shortly after Thursday’s ruling and requested an order blocking Mazars from complying with a subpoena pending the appeal. That action may delay resolution of the case until after November’s election. And even if Vance does eventually get Trump’s taxes, grand jury rules prevent their public release.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate