Supreme Court Rules Manhattan DA Can Get Trump Tax Records but Not Congress

Author:
Publish date:
Video Duration:
45

President Trump hasn’t wanted anyone to see his tax returns, but now that's changing.

On Thursday, the Supreme Court ruled that the president could not block a subpoena from the Manhattan district attorney of the president's financial records, including his tax returns and other documents. 

However, in a separate ruling, the Supreme Court rejected a parallel effort by Congress to acquire those records, reasoning that the case was different. 

“Here the President’s information is sought not by prosecutors or private parties in connection with a particular judicial proceeding, but by committees of Congress that have set forth broad legislative objectives," wrote Chief Justice John Roberts.

Trump had asked the court to block both subpoenas, which sought information from his bankers and accountants. Both rulings were settled 7-2.

The past six presidents, dating back to President Carter, have all voluntarily released their tax returns to the public.

In a statement, Manhattan DA Cyrus Vance Jr. said the Supreme Court's decision is “a tremendous victory for our nation’s system of justice and its founding principle that no one – not even a president – is above the law. Our investigation, which was delayed for almost a year by this lawsuit, will resume, guided as always by the grand jury’s solemn obligation to follow the law and the facts, wherever they may lead."

Watch More Videos From TheStreet and Jim Cramer: