The Supreme Court has begun hearing three combined court cases — two issued by congressional committees and one by a New York grand jury — demanding access to President Donald Trump’s long-withheld tax returns and financial records.
The House committees have said they are seeking the material as part of investigations into potential money laundering by banks and into whether Trump inflated and deflated certain assets on financial statements - as his former personal lawyer has said - in part to reduce his real estate taxes. ...
Thomas criticized the majority over its concerns about the impact a broad decision would have on other longstanding taxes, writing that "if Congress invites calamity by building the tax base on constitutional quicksand, 'the judicial power' afforded to this court does not include the power to fash...
“The longer term impact is to help provide accountability for the president,” Chemerinsky said. “If the Court had accepted President Trump’s claim of broad immunity from subpoenas, it truly would have put the president above the law.” The consolidated congressional cases are Trump v. Mazar...
"It is unprecedented to be handing over Tax Returns, & it creates terrible precedent for future Presidents. Has Joe Biden paid taxes on all of the money he made illegally from Hunter & beyond," the former president wrote. "The Supreme Court has lost its honor, prestige, and standing,...
The Supreme Court has cleared the way for the handover of former President Donald Trump’s tax returns to a congressional committee after a three-year legal fight.
In a 7-2 decision, the court said a 2017 law signed by then-President Donald Trump to generate more than $340 billion is allowed under the 16th Amendment, which gives Congress the power to collect taxes on incomes but not explicitly on property. ...
The panel issued the subpoena to Mazars USA in April after former Trump personal lawyer Michael Cohen had testified that "Trump inflated his total assets when it served his purposes and deflated his assets to reduce his real estate taxes." ...
CBS News Digital reporter Melissa Quinn joined "Red and Blue" to break down the cases we're still waiting to hear about from the Supreme Court, plus how Chief Justice John Roberts ruled this term.
Barrett, Trump's last appointee to the high court, wrote in a concurring opinion that in her judgment, "this is not the time to amplify disagreement with stridency." "The Court has settled a politically charged issue in the volatile season of a Presidential election. Particularly in this circ...