Speaker Nancy PelosiNancy PelosiSupreme Court rulings reignite Trump oversight wars in Congress Pelosi on Baltimore's Columbus statue: 'If the community doesn't want the statue, the statue shouldn't be there' Pelosi says House won't cave to Senate on worker COVID-19 protections MORE (D-Calif.) said the decisions were “not good news” for the president and she praised the court for supporting Congress’s oversight role. But Democrats conceded the justices’ ruling posed a delay in House investigations in an election year. Pelosi said the House would pursue all subpoena challenges related to Trump’s finances through the lower courts. "The Supreme Court today upheld a fundamental tenet of our democracy that no one is above the law," she said. … [Read more...] about The Hill’s Morning Report – Presented by Facebook – Justices rule Manhattan prosecutor, but not Congress, can have Trump tax records
Tax court cases
Amtek Auto could finally see completion this week after the Supreme Court (SC) refused to give more time for US based hedge fund Deccan Value Investors LP (DVIL) to assess the impact of the economic contraction caused by the Covid-19 virus. Amtek was among the 12 debt laden companies taken to the National Company Law Tribunal (NCLT) on the directions of the Reserve Bank of India (RBI). The auto parts maker owes lenders Rs 12,700 crore and has been awaiting resolution under the bankruptcy process since 2017.In February lenders led by IDBI Bank and State Bank of India (SBI) agreed to the Rs 2,700 crore offer from the US-based investor, a 80% haircut to the total dues from the company. DVIL the winning bidder was chosen after a Supreme Court directed second round of bidding because the previous winner UK based Liberty House failed to make the payment in July 2018. Bankers were worried that the two year process to find another buyer for Amtek would come go nought after DVIL petitioned the … [Read more...] about Three year old Amtek Auto case nears completion
Friday’s ruling dealt specifically with four of the 78 partial vetoes Evers issued last year in the state budget. His vetoes shifted $10 million for replacing school buses to electric vehicle charging stations; allowed $75 million meant for local road construction to be used for any transportation program; eliminated a standard $100 truck registration fee; and expanded the types of vaping products subject to tax. … [Read more...] about Wisconsin high court gives mixed ruling on partial vetoes
He understands that when his taxes are unraveled before a New York grand jury and the inner workings of his multifarious business schemes are brought into the light of day, the picture won’t be of a successful multibillionaire mogul turned president but one of that clown, living on credit, a third-rate real-estate developer with a first-rate talent for fleecing banks and vendors. … [Read more...] about Trump’s No Billionaire. He’s a Bullshit Artist. And Soon, We’ll Have the Taxes To Prove It.
WASHINGTON (AP) — The Supreme Court ruled in two cases involving access to President Donald Trump’s financial records. The cases were the last to be released of the high court’s term, which dragged into July because of the coronavirus pandemic. One case had to do with whether Congress could get access to Trump’s financial records. The other case had to do with whether prosecutors in New York could get them. … [Read more...] about A look at the cases behind the Supreme Court rulings
Since Trump announced his candidacy for president in 2015, he has vowed to release his tax returns, and has also refused to release his tax returns. After the 2018 midterms, Democrats in the House sought to subpoena financial institutions for Trump’s records, and Manhattan District Attorney Cy Vance sought Trump’s financial records for a grand-jury investigation into whether Trump broke the law when he concealed hush-money payments to hide past affairs during the 2016 election. In one opinion, Trump v. Mazars, the Court affirmed Congress’s subpoena power but sent the case back to lower courts for further litigation; in Trump v, Vance, it affirmed Vance’s authority to seek the records but sent the case back to the lower courts for further litigation. … [Read more...] about The Roberts Court Completes Trump’s Cover-Up