No one is above the law! We are still a nation of laws. Separation of powers exists still.

The U.S. Supreme Court ruled that Trump must release his tax returns to prosecutors in New York who are investigating him.

David Savage of the Los Angeles Times writes:

The Supreme Court dealt President Trump a major defeat Thursday by rejecting his claims of presidential immunity and upholding subpoenas from New York prosecutors seeking his tax returns and financial records.

In one of the most anticipated rulings on presidential privilege in years, the justices by a 7-2 vote ruled the nation’s chief executive is not above the law and must comply with legitimate demands from a grand jury in New York that was investigating Trump’s alleged hush money payments to two women who claimed to have had sex with him.

Trump had sued to block the subpoenas and claimed that as president he had an “absolute immunity” from demands for personal or confidential information.

Chief Justice John G. Roberts Jr., writing for the majority, rejected Trump’s claim of immunity.

“We reaffirm that principle today and hold that the president is neither absolutely immune from state criminal subpoenas seeking his private papers nor entitled to a heightened standard of need.”

A decision on a similar subpoena from House investigators was expected to be issued by the court shortly in a separate opinion.

The election-year dispute had an obvious political significance, but it was also the rare separation of powers case in which the powers of the president, Congress and the judicial system were all at issue.

In past rulings on similar high-profile cases, the court had unanimously ruled that the president is not above the law, forcing President Nixon to hand over the Watergate tapes and President Clinton to be deposed in the Paula Jones harassment lawsuit.

Unlike other presidents since the Watergate era of the 1970s, Trump refused to disclose his tax returns and has kept secret the details of his business dealings. Investigators were particularly interested in whether Trump and his businesses were heavily indebted to foreign banks.

Trump said during the 2016 campaign he expected to release his tax returns, but then refused to do so.