The U.S. Court of Appeals ruled this morning that accounting firm Mazars USA must turn over eight years of Donald Trump’s tax returns to the New York grand jury that subpoenaed them. This will be appealed to the Supreme Court, which may or may not even agree to hear the case, and we’ll see how that goes. But the biggest story here continues to be the grand jury itself.
By definition, grand juries only exist for one reason: to bring criminal indictments against people. The fact that this grand jury is seeking Donald Trump’s tax returns means that it’s targeting Donald Trump for indictment on state charges. It’s already been separately reported that prosecutors in New York have pulled Michael Cohen out of prison so he can testify before this grand jury, which means the indictment goes beyond the scope of just Trump’s tax returns – which means Trump is going to be indicted whether the grand jury gets his tax returns or not.
This opens up a whole lot of questions about whether New York will indict Donald Trump on state charges while he’s still in office, or whether it’s planning to leave the indictment under seal for now and then arrest him the minute he’s no longer in office. If New York does indict Trump before the election, it’ll set off a whole new round of legal battles about whether Trump would be forced to stand trial while still in office, and so on.
But those are questions that will have to be answered at a later date. For now, the headline is that there’s a New York grand jury that’s deep into the process of indicting Donald Trump on state charges – and even though everyone is aware of the grand jury’s court battle over Trump’s tax returns, most observers are overlooking the fact that there’s a grand jury targeting Trump, period.
Bill Palmer is the publisher of the political news outlet Palmer Report