Trump earlier this summer lost an appeal over the subpoena to the Supreme Court, which ruled that he did not have an absolute right as president to keep the returns from being obtained by state prosecutors for as long as he is in the White House.
But the high court allowed him to make additional arguments opposing the subpoena in the same Manhattan federal district court where he previously failed to block the subpoena.
A judge from that court this month rejected the president’s revised arguments, and refused to stay his decision pending an expected appeal by Trump.
The president then asked the 2nd Circuit appeals court to block the records from being turned over from accounting firm Mazars USA pending an appeal of the district court’s denial.
Vance is seeking the tax returns and other records as part of a probe that, among other things, is looking into hush money payments that Trump’s then-personal lawyer and fixer Michael Cohen paid to two women before the 2016 presidential election.
Prosecutors also could be eyeing possible bank and insurance fraud by Trump and his company, the Trump Organization, court filings suggest.
Trump has refused to voluntarily release his tax returns to the public, breaking four decades of precedent by presidents and presidential nominees.
Article source: https://www.cnbc.com/2020/09/01/appeals-court-will-rule-on-trump-bid-to-block-tax-return-subpoena.html