Abstract: On Thursday (July 9), the US Supreme Court ruled with 7-2 votes that New York City prosecutors can obtain the financial records of US President Trump, including tax returns. Prior to this, Trump had refused to provide his tax returns and other financial documents, so that the outside world could not understand his wealth and family business details. Trump tweeted unfairly about this.
On Thursday (July 9) local time, the US Supreme Court ruled with 7-2 votes that New York City prosecutors can obtain the financial records of US President Trump, including tax returns. Prior to this, Trump had refused to provide his tax returns and other financial documents, so that the outside world could not understand his wealth and family business details. Trump tweeted unfairly about this.
Trump’s various financial records will be handed over to the grand jury, but it may not be made public before the election
The verdict means that as part of the criminal investigation, a summons sent by New York City prosecutor to Trump’s long-term accounting firm Mazars LLP can be executed. The subpoena required the above firms to transfer Trump's various financial records to a grand jury.
However, in the second ruling issued on the same day, the High Court also ruled to return another case to the lower court for a retrial with a 7-2 vote. This case was a subpoena initiated by the House Committee on Trump's financial records.
The subpoena required Mazars and two other banks-Deutsche Bank and Capital One-to provide Trump's financial records. The House Committee is led by Democrats.
The result of this ruling means that Trump can continue to dispute the subpoena, and his financial situation will be further disclosed, or he will have to wait until the November election.
These rulings mark the first time the US Supreme Court has directly ruled on issues involving Trump's personal transactions. Trump has kept his financial situation more confidential than any other president in decades. Even when he is fighting for re-election, he refuses to disclose his tax records to the public.
The two cases were decided on the last day of the Supreme Court’s term of office. The term of the Supreme Court began in October last year and was extended to the usual end of June due to measures taken to prevent the spread of coronavirus.
"In our judicial system, "the public has the right to obtain evidence from everyone." From the early days of the founding of the People's Republic of China, "everyone" includes the President of the United States," Roberts wrote in the New York case.
Trump's lawyer Jay Sekulow said in a statement, "We are pleased that the Supreme Court in the ruling issued today temporarily prevented Congress and New York prosecutors from obtaining the president's financial records."
Sekulo said: "We will now proceed to raise more constitutional and legal issues to lower courts."
Despite Securo’s cautious optimism, it is clear from Trump’s response that the president does not consider these rulings a victory.
Trump tweeted several tweets in anger, shouting "This is unfair"!
After the High Court’s ruling was announced, Trump tweeted that all this was political persecution. "I won the political persecution of Mueller, among other things, and now I have to continue to fight in politically corrupt New York. Too unfair to this president and the government!"
"This crime happened even before I was elected. Everyone knows this, but everyone is frightened. There is no judicial response from the Republican Senate, there is no "justice", no FBI, nothing. The main horror show reported on Comey and McCabe, it was guilty, nothing happened." Trump wrote, "Muller's three-year, $45 million scam failed-investigated everything. "
"Now, the Supreme Court has issued a postponement ruling that they will never make such a ruling against another president. This is about the wrongdoing of the prosecutor. We found that the other party was monitoring my campaign. This is American history. The biggest political crime and scandal on the Internet, but nothing happened. But nevertheless, in the first three and a half years, I did more than any president in history!" Trump wrote in a tweet .
"In the past, the court gave'wide respect'. But it didn't do to me!" Trump wrote in another tweet.