Supreme Court agrees to take up Trump financial records case

The Supreme Court announced Friday that it would hear appeals from President Donald Trump’s legal team regarding lower court rulings in favor of several subpoenas seeking access to nearly a decade’s worth of the president’s personal and business financial records and tax returns, Breitbart reported.

Court issues stay on subpoenas

That announcement from the court placed a stay on all of the various subpoenas until the cases can be heard and a final ruling is issued, likely by June, right in the heart of the 2020 election season.

Oral arguments are scheduled to be heard in March, and stem from lawsuits filed by Trump that seek to block subpoenas issued by three separate Democrat-controlled House committees as well as a subpoena issued by the liberal Manhattan district attorney as part of a biased criminal investigation into the Trump Organization.

Thus far, Trump has lost his cases at the district and circuit court levels, though in all case temporary stays have been issued to block enforcement of the subpoenas against Trump’s accounting firms and banks while pending appeals remain.

Dems seek Trump’s financial records

“We are pleased that the Supreme Court granted review of the President’s three pending cases,” Jay Sekulow, one of President Trump’s attorneys, said in a statement to NBC News. “These cases raise significant constitutional issues. We look forward to presenting our written and oral arguments.”

The president’s legal team has argued that the subpoenas are inappropriate harassment and unconstitutional, in that they serve no legitimate legislative purpose, at least with regard to the House demands.

The subpoena from the New York DA is part of an investigation into the alleged “hush-money” payments Trump made to two women who alleged affairs with him in the past.

Trump denied those allegations and argued that, as president, the executive immunity from indictments he enjoys while in office should be extended to include ongoing criminal investigations that will almost certainly result eventually in indictments.

Trump’s accounting firm has said it will release the financial records if the Supreme Court decides against Trump.

Congressional harassment

Citing various reasons, subpeonas have been issued by the Oversight Committee, Financial Services Committee, and Intelligence Committee, all part of the effort by House Democrats to find something — anything — that could be used to discredit and smear the president ahead of the 2020 election.

The Oversight Committee appears to be investigating allegations that the president over-inflated his assets and value in order to obtain loans. These allegations were first put forward by Trump’s former lawyer Michael Cohen

The Financial Services and Intelligence Committees are looking for evidence that Trump is indebted to, owned by, or otherwise faces financial leverage imposed by Russian interests, stemming from the debunked allegations of Russian collusion.

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