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What you need to know about the Supreme Court's ruling on Trump's tax returns

February 22, 2021. Summarized by summa-bot.

Compression ratio: 75.5%. 1 min read.

The Supreme Court cleared the way for a New York prosecutor to obtain former President Trump's tax returns, dealing a massive loss to Trump who has fiercely fought to shield his financial papers from prosecutors.

By Melissa Macaya, Meg Wagner and Mike Hayes, CNN

From CNN's Ariane de Vogue

The Supreme Court cleared the way for a New York prosecutor to obtain former President Trump's tax returns, dealing a massive loss to Trump who has fiercely fought to shield his financial papers from prosecutors.

The ruling is a bitter loss for Trump, even if the tax records are shielded from public disclosure, after he consistently argued that the subpoena issued by Manhattan District Attorney Cyrus Vance was overbroad and issued in bad faith.

What this means for Trump: The grand jury investigation into alleged hush money payments and other issues will no longer be hampered by Trump's fight to keep the documents secret.

Some background: Last July, the Supreme Court, voting 7-2, rejected the Trump's broad claims of immunity from a state criminal subpoena seeking his tax returns and said that as president he was not entitled to any kind of heightened standard unavailable to ordinary citizens.

CNN's Jessica Schneider reports:

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