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BREAKING: The 2nd Circuit will not block a NY grand jury subpoena to Trump's accounting firm, finding Trump isn't likely to win arguing that any presidential immunity extends to something like this state grand jury investigation assets.documentcloud.org/documents/6538…
NOW: A federal appeals court will not block a grand jury subpoena for Trump's tax returns, rejecting Trump's argument that any "presidential immunity" that might shield him from criminal prosecution means he can't ever be investigated while in office.
The 2nd Circuit made clear it was not deciding if a sitting president might be immune against some criminal process. But if such immunity exists, it doesn't apply to a grand jury subpoena for private financial docs unrelated to his duties, the court held
If Nixon had to turn over his White House tapes to a grand jury, Trump failed to show why a grand jury wasn't entitled to get his personal financial records, the court wrote
The 2nd Circuit noted Trump conceded any presidential immunity from prosecution would go away once he leaves office — there was no "obvious reason" why a state prosecutor couldn't start an investigation while a president was in office and prosecute later buzzfeednews.com/article/zoetil…
The 2nd Circuit notes that the last six presidents voluntarily released their tax returns. That wasn't a deciding factor, the court said, but it went to the idea that disclosure of these types of docs is unlikely to impair a president from doing his duties buzzfeednews.com/article/zoetil…
The 2nd Circuit did disagree with the NY district judge's decision to dismiss Trump's lawsuit on "abstention" grounds. But the lower court judge had also ruled on the presidential immunity issue, and that's where the 2nd Circuit agreed that Trump loses buzzfeednews.com/article/zoetil…
NEW: Trump attorney Jay Sekulow says they intend to petition the US Supreme Court to take up the fight over a NY grand jury subpoena for Trump's tax returns.

"The issue raised in this case goes to the heart of our Republic."
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