The federal appeals court in New York is hearing oral arguments Wednesday morning in a closely watched lawsuit about President Donald Trump's taxes and whether they'll be turned over to state prosecutors, CNN reports.
After Trump's tax returns were subpoenaed by New York District Attorney Cyrus Vance this summer, Trump's lawyers went to federal court to stop him. A judge dismissed that lawsuit earlier this month, but Trump's lawyers filed an appeal and want the lawsuit to be revived.
The legal wrangling is the latest clash in the multi-dimensional fight for Trump's tax returns, which has been led by Democrats on the federal and state level. It is worth mentioning that Vance is a Democrat.
As we reported earlier, in a blow to President Donald Trump’s efforts to block oversight of his business dealings, a U.S. court on Friday backed a House of Representative's request for the Republican’s financial records including tax documents, Reuters informed.
The 2-1 decision by the U.S. Court of Appeals for the District of Columbia Circuit moves House Democrats closer to accessing records that would shed light on Trump’s business interests and how he built his fortune.
The court rejected Trump’s bid to stop his longtime accounting firm Mazars LLP from handing over the documents.